CIS: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in CIS

The CIS unvulcanized rubber market contracted to $X in 2022, declining by -3.4% against the previous year. In general, consumption saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the market value increased by 8%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Unvulcanized Rubber Production in CIS

In value terms, unvulcanized rubber production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced reduction. The growth pace was the most rapid in 2017 with an increase of 9.3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Unvulcanized Rubber Exports

Exports in CIS

Unvulcanized rubber exports rose markedly to X tons in 2022, increasing by 9.5% against the year before. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +103.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, unvulcanized rubber exports expanded significantly to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +33.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 44% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Belarus (X tons) and Russia (X tons) represented roughly 98% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +10.8%).

In value terms, the largest unvulcanized rubber supplying countries in the CIS were Russia ($X) and Belarus ($X).

In terms of the main exporting countries, Belarus, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when the export price increased by 12%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 amounted to $X per ton.

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

Unvulcanized Rubber Imports

Imports in CIS

In 2022, imports of unvulcanized rubber and articles thereof in the CIS dropped to X tons, falling by -6.7% on the year before. Over the period under review, imports recorded a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 20%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, unvulcanized rubber imports declined to $X in 2022. In general, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the largest importer of unvulcanized rubber and articles thereof, making up 65% of total imports. It was distantly followed by Belarus (X tons), Kazakhstan (X tons) and Uzbekistan (X tons), together comprising a 32% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to unvulcanized rubber imports into Russia stood at -3.7%. At the same time, Uzbekistan (+28.5%) and Kazakhstan (+6.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +28.5% from 2012-2022. By contrast, Belarus (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by +7.6 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in the CIS, comprising 68% of total imports. The second position in the ranking was held by Belarus ($X), with a 12% share of total imports. It was followed by Kazakhstan, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled -2.2%. In the other countries, the average annual rates were as follows: Belarus (-2.7% per year) and Kazakhstan (+4.5% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Russia ($X per ton) and Kazakhstan ($X per ton), while Belarus ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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