The market is dominated by foreign suppliers, as imports account for 68.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 60.7% of total demand in 2023. The UK has the fourth largest market size for rubber products regionally, with demand reaching USD9.9 billion in 2023. Michelin Tyre Plc is the largest company in the UK, generating 12.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 35.2% of total production value in 2023. The total number of companies decreases in 2023, to 999 units. The costs of the industry increase by 2.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 8.1% of production value in 2023, the 15th highest regionally. The industry’s exports share increases in 2023 to 45.2% of total production output. With production value of USD4.1 billion, the UK accounts for 5.8% of the Western Europe total in 2023.
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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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