CIS: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in CIS

In 2021, the CIS unvulcanised rubber market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Production in CIS

In value terms, unvulcanised rubber production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Unvulcanised Rubber Exports

Exports in CIS

In 2021, shipments abroad of unvulcanised rubber decreased by -6.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a noticeable increase. The pace of growth was the most pronounced in 2016 with an increase of 53%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, unvulcanised rubber exports rose rapidly to $X in 2021. In general, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was near 97% of total exports in 2021. Belarus (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, Belarus (+14.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +14.8% from 2012-2021. Russia (-1.5 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest unvulcanised rubber supplier in the CIS, comprising 98% of total exports. The second position in the ranking was taken by Belarus ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at -4.4%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-7.4%).

Unvulcanised Rubber Imports

Imports in CIS

In 2021, supplies from abroad of unvulcanised rubber increased by 43% to X tons, rising for the second year in a row after two years of decline. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, unvulcanised rubber imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia was the major importing country with an import of about X tons, which accounted for 57% of total imports. It was distantly followed by Belarus (X tons), generating a 35% share of total imports. The following importers - Kazakhstan (X tons) and Uzbekistan (X tons) - together made up 7.3% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +43.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported unvulcanised rubber in the CIS, comprising 69% of total imports. The second position in the ranking was taken by Belarus ($X), with a 26% share of total imports. It was followed by Kazakhstan, with a 3.1% share.

In Russia, unvulcanised rubber imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+2.0% per year) and Kazakhstan (-1.0% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, flattening at the previous year. In general, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2013 an increase of 9.1% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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