Belarus: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Belarus

In 2022, the Belarusian extruded solid rubber rod market decreased by -21.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the market value increased by 8.7%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Belarus

In value terms, extruded solid rubber rod production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Belarus

In 2022, exports of extruded solid rubber rods and profiles from Belarus expanded sharply to X tons, growing by 15% on the year before. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 26%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, extruded solid rubber rod exports skyrocketed to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +115.4% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for extruded solid rubber rod exports from Belarus, accounting for a 58% share of total exports. Moreover, extruded solid rubber rod exports to Russia exceeded the volume sent to the second major destination, Poland (X tons), threefold. Ukraine (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+128.0% per year) and Ukraine (+20.9% per year).

In value terms, Russia ($X) remains the key foreign market for extruded solid rubber rods and profiles exports from Belarus, comprising 64% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 12% share of total exports. It was followed by Poland, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+18.2% per year) and Poland (+97.9% per year).

Export Prices by Country

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, with an increase of 4.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Belarus

In 2022, overseas purchases of extruded solid rubber rods and profiles were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 36%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, extruded solid rubber rod imports shrank modestly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 34%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Russia (X tons) and Serbia (X tons) were the main suppliers of extruded solid rubber rod imports to Belarus, with a combined 81% share of total imports. Germany, Ukraine, China and the Netherlands lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +42.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Turkey ($X) and Germany ($X) were the largest extruded solid rubber rod suppliers to Belarus, together comprising 76% of total imports. Serbia, China, Ukraine and the Netherlands lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, China, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average extruded solid rubber rod import price amounted to $X per ton, declining by -17.2% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2021 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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