CIS: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in CIS

For the third year in a row, the CIS vulcanised cellular rubber articles market recorded growth in sales value, which increased by 5.1% to $X in 2021. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.2% against 2015 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in CIS

In value terms, vulcanised cellular rubber articles production reduced slightly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of 21%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in CIS

After two years of growth, shipments abroad of vulcanised cellular rubber articles for technical uses decreased by -7.7% to X tons in 2021. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 346%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles exports surged to $X in 2021. Over the period under review, exports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 161% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

In 2021, Russia (X tons) was the key exporter of vulcanised cellular rubber articles for technical uses, mixing up 53% of total exports. It was distantly followed by Belarus (X tons) and Kazakhstan (X tons), together comprising a 42% share of total exports. Armenia (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised cellular rubber articles exports from Russia stood at +2.2%. At the same time, Armenia (+52.9%), Kazakhstan (+42.6%) and Belarus (+15.3%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +52.9% from 2012-2021. From 2012 to 2021, the share of Kazakhstan, Belarus and Armenia increased by +18, +12 and +3.7 percentage points, respectively.

In value terms, Russia ($X) remains the largest vulcanised cellular rubber articles supplier in the CIS, comprising 66% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 23% share of total exports. It was followed by Belarus, with a 7% share.

In Russia, vulcanised cellular rubber articles exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+46.2% per year) and Belarus (+3.2% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, jumping by 44% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+34.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in CIS

After two years of growth, purchases abroad of vulcanised cellular rubber articles for technical uses decreased by -20.8% to X tons in 2021. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 197% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then contracted sharply in the following year.

In value terms, vulcanised cellular rubber articles imports rose significantly to $X in 2021. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 95% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

Russia represented the major importing country with an import of around X tons, which accounted for 60% of total imports. Kazakhstan (X tons) held the second position in the ranking, followed by Uzbekistan (X tons) and Azerbaijan (X tons). All these countries together took near 33% share of total imports. Belarus (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the vulcanised cellular rubber articles for technical uses imports, with a CAGR of +16.3% from 2012 to 2021. At the same time, Azerbaijan (+10.1%) displayed positive paces of growth. Belarus experienced a relatively flat trend pattern. By contrast, Kazakhstan (-1.3%) and Uzbekistan (-22.7%) illustrated a downward trend over the same period. Russia (+21 p.p.) and Uzbekistan (+12 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Kazakhstan saw its share reduced by -5.1% and -29.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses in the CIS, comprising 73% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total imports. It was followed by Uzbekistan, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +19.2%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+6.8% per year) and Uzbekistan (-14.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 42% against the previous year. Import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised cellular rubber articles import price increased by +81.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 44% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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