The market is dominated by foreign suppliers, as imports account for 63.6% of total market size in 2020. B2B drives market demand, with B2B spending representing 63.5% of total demand in 2020. The UK has the third largest market size for rubber products in the region, with demand reaching USD9.4 billion in 2020. Michelin Tyre Plc is the largest company in the UK, generating 13.4% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 36.8% of total production value in 2020. The total number of companies decreases in 2020, to 1,310 units. The costs of the industry decrease by 1.7% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.7% of production value in 2020, the seventh highest in the region. With production value of USD4.7 billion, the UK accounts for 8.4% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Rubber Products in the UK: ISIC 251. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Rubber Products in the UK: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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