CIS: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in CIS

In 2022, after three years of growth, there was significant decline in the CIS extruded solid rubber rod market, when its value decreased by -7.9% to $X. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Extruded Solid Rubber Rods And Profiles in CIS

In value terms, extruded solid rubber rod production reached $X in 2022 estimated in export price. In general, production, however, saw a slight decrease. The pace of growth was the most pronounced in 2019 with an increase of 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in CIS

For the seventh year in a row, the CIS recorded growth in shipments abroad of extruded solid rubber rods and profiles, which increased by 12% to X tons in 2022. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +82.3% against 2015 indices. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, extruded solid rubber rod exports rose notably to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +102.7% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 24%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Belarus was the largest exporting country with an export of about X tons, which accounted for 86% of total exports. It was distantly followed by Russia (X tons), generating a 13% share of total exports.

Belarus was also the fastest-growing in terms of the extruded solid rubber rods and profiles exports, with a CAGR of +6.6% from 2012 to 2022. Russia experienced a relatively flat trend pattern. Belarus (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -9.3% from 2012 to 2022, respectively.

In value terms, Belarus ($X) remains the largest extruded solid rubber rod supplier in the CIS, comprising 85% of total exports. The second position in the ranking was held by Russia ($X), with a 14% share of total exports.

In Belarus, extruded solid rubber rod exports expanded at an average annual rate of +5.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with an increase of 3% against the previous year. Overall, the export price, however, recorded a slight curtailment. The growth pace was the most rapid in 2021 when the export price increased by 13%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-0.8%).

Imports of Extruded Solid Rubber Rods And Profiles

Imports in CIS

In 2022, imports of extruded solid rubber rods and profiles in the CIS fell to X tons, which is down by -2.5% on the previous year's figure. Over the period under review, imports recorded a slight downturn. The pace of growth was the most pronounced in 2013 with an increase of 26%. As a result, imports attained the peak of X tons. From 2014 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 continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the main importing country with an import of about X tons, which accounted for 66% of total imports. It was distantly followed by Kazakhstan (X tons) and Belarus (X tons), together constituting a 25% share of total imports. Tajikistan (X tons) and Uzbekistan (X tons) took a little share of total imports.

Imports into Russia decreased at an average annual rate of -3.6% from 2012 to 2022. At the same time, Tajikistan (+20.0%), Kazakhstan (+7.1%), Uzbekistan (+4.9%) and Belarus (+3.4%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +20.0% from 2012-2022. From 2012 to 2022, the share of Kazakhstan, Belarus, Tajikistan and Uzbekistan increased by +9.7, +3, +2.3 and +1.9 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in the CIS, comprising 65% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 17% share of total imports. It was followed by Belarus, with an 8.9% share.

In Russia, extruded solid rubber rod imports plunged by an average annual rate of -7.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+7.4% per year) and Belarus (-0.8% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by -2.6% against the previous year. Over the period under review, the import price saw a pronounced downturn. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+8.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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