The market is dominated by foreign suppliers, as imports account for 73.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 57.1% of total demand in 2022. The UK has the fourth largest market size for rubber products regionally, with demand reaching USD9.6 billion in 2022. Michelin Tyre Plc is the largest company in the UK, generating 12.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 35.2% of total production value in 2022. The total number of companies increases in 2022, to 1,276 units. The costs of the industry decrease by 6.7% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 7.2% of production value in 2022, the 17th highest regionally. The industry’s exports share increases in 2022 to 46.7% of total production output. With production value of USD3.6 billion, the UK accounts for 5.5% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Rubber Products in the United Kingdom: 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 United Kingdom: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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