CIS: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in CIS

In 2021, the CIS market for isoprene rubber (IR) in primary forms decreased by -39.8% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption showed a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in CIS

In value terms, production of isoprene rubber (IR) in primary forms reached $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 4.8% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in CIS

After three years of decline, shipments abroad of isoprene rubber (IR) in primary forms increased by 25% to X tons in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) represented roughly 100% of total exports in 2021.

Russia experienced a relatively flat trend pattern with regard to volume of exports of isoprene rubber (IR) in primary forms. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest isoprene rubber (IR) in primary form supplier in the CIS.

In Russia, exports of isoprene rubber (IR) in primary forms declined by an average annual rate of -6.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 22% against the previous year. In general, the export price, however, recorded a abrupt slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -6.9% per year.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in CIS

In 2021, overseas purchases of isoprene rubber (IR) in primary forms increased by 25% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a perceptible curtailment. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belarus was the major importer of isoprene rubber (IR) in primary forms in the CIS, with the volume of imports finishing at X tons, which was approx. 72% of total imports in 2021. Russia (X tons) held the second position in the ranking, distantly followed by Kazakhstan (X tons) and Uzbekistan (X tons). All these countries together took approx. 28% share of total imports.

Imports into Belarus decreased at an average annual rate of -6.7% from 2012 to 2021. At the same time, Russia (+18.4%) and Uzbekistan (+5.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +18.4% from 2012-2021. By contrast, Kazakhstan (-2.5%) illustrated a downward trend over the same period. While the share of Russia (+14 p.p.) and Uzbekistan (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-20.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) constitutes the largest market for imported isoprene rubber (IR) in primary forms in the CIS, comprising 71% of total imports. The second position in the ranking was taken by Russia ($X), with an 18% share of total imports. It was followed by Uzbekistan, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in Belarus stood at -11.8%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+16.4% per year) and Uzbekistan (+9.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, picking up by 36% against the previous year. Overall, the import price, however, recorded a abrupt slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Russia ($X per ton), while Kazakhstan ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform