Eastern Europe: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Eastern Europe

The East European vulcanised rubber erases market skyrocketed to $X in 2021, surging by 16% against the previous year. In general, consumption enjoyed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Production in Eastern Europe

In value terms, vulcanised rubber erases production skyrocketed to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports in Eastern Europe

In 2021, shipments abroad of erasers of vulcanised rubber increased by 12% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +54.8% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 70%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

In 2021, Poland (X tons) and the Czech Republic (X tons) were the major exporters of erasers of vulcanised rubber in Eastern Europe, together finishing at approx. 66% of total exports. It was distantly followed by Russia (X tons), Slovakia (X tons) and Belarus (X tons), together generating a 28% share of total exports. The following exporters - Latvia (X tons) and Lithuania (X tons) - each resulted at a 4.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest vulcanised rubber erases supplier in Eastern Europe, comprising 68% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total exports. It was followed by Russia, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value in Poland stood at +46.3%. In the other countries, the average annual rates were as follows: the Czech Republic (-0.4% per year) and Russia (+12.9% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, with an increase of 35% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 44% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+19.1%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports in Eastern Europe

Vulcanised rubber erases imports totaled X tons in 2021, approximately equating the previous year's figure. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 124% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports soared to $X in 2021. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 86%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

In 2021, Russia (X tons) represented the major importer of erasers of vulcanised rubber, mixing up 61% of total imports. Poland (X tons) ranks second in terms of the total imports with a 13% share, followed by Slovakia (6.1%) and Ukraine (4.6%). The Czech Republic (X tons), Belarus (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber erases imports into Russia stood at +4.2%. At the same time, Slovakia (+18.8%), Poland (+12.1%), Belarus (+9.0%), the Czech Republic (+6.1%) and Romania (+3.5%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +18.8% from 2012-2021. Ukraine experienced a relatively flat trend pattern. From 2012 to 2021, the share of Poland and Slovakia increased by +5.5 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vulcanised rubber erases importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 78% share of total imports.

Among the main importing countries, Poland, with a CAGR of +24.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, rising by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 when the import price increased by 40% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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