CIS: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in CIS

The CIS vulcanised rubber seal market rose remarkably to $X in 2022, surging by 5.4% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Seal Production in CIS

In value terms, vulcanised rubber seal production rose sharply to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 35% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vulcanised Rubber Seal Exports

Exports in CIS

Vulcanised rubber seal exports surged to X tons in 2022, with an increase of 36% on 2021. Total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +38.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 52% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal exports reached $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Russia was the major exporting country with an export of about X tons, which amounted to 52% of total exports. It was distantly followed by Belarus (X tons) and Kazakhstan (X tons), together achieving a 44% share of total exports. Uzbekistan (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber seal exports from Russia stood at -3.3%. At the same time, Kazakhstan (+70.7%) and Belarus (+11.4%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +70.7% from 2012-2022. By contrast, Uzbekistan (-3.7%) illustrated a downward trend over the same period. While the share of Kazakhstan (+21 p.p.), Belarus (+13 p.p.) and Uzbekistan (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-36 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest vulcanised rubber seal supplier in the CIS, comprising 57% of total exports. The second position in the ranking was held by Belarus ($X), with a 26% share of total exports. It was followed by Kazakhstan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+14.7% per year) and Kazakhstan (+51.5% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -15.9% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber seal export price increased by +72.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Kazakhstan ($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 (+27.9%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports in CIS

In 2022, supplies from abroad of seals of vulcanised rubber increased by 7.3% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber seal imports reached $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +127.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the key importer of seals of vulcanised rubber, making up 60% of total imports. Belarus (X tons) ranks second in terms of the total imports with an 11% share, followed by Uzbekistan (9.4%) and Kazakhstan (8.8%). The following importers - Azerbaijan (X tons), Kyrgyzstan (X tons) and Moldova (X tons) - together made up 8.5% of total imports.

Imports into Russia decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Uzbekistan (+15.5%), Kyrgyzstan (+12.1%), Azerbaijan (+7.7%) and Belarus (+2.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.5% from 2012-2022. By contrast, Moldova (-2.1%) and Kazakhstan (-3.2%) illustrated a downward trend over the same period. While the share of Uzbekistan (+9.4 p.p.), Belarus (+2.3 p.p.), Azerbaijan (+2.1 p.p.) and Kyrgyzstan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-3.4 p.p.) and Russia (-12.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported seals of vulcanised rubber in the CIS, comprising 67% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Uzbekistan, with a 7.9% share.

In Russia, vulcanised rubber seal imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+4.9% per year) and Uzbekistan (+29.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, falling by -5.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 when the import price increased by 24% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($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 (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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