Eastern Europe: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Eastern Europe

In 2022, the East European extruded solid rubber rod market increased by 4.9% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Eastern Europe

In value terms, extruded solid rubber rod production rose significantly to $X in 2022 estimated in export price. In general, production showed a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Eastern Europe

In 2022, the amount of extruded solid rubber rods and profiles exported in Eastern Europe dropped to X tons, declining by -2.8% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports contracted to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +11.1% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by 17% against the previous year. The level of export peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

The Czech Republic represented the key exporter of extruded solid rubber rods and profiles in Eastern Europe, with the volume of exports accounting for X tons, which was near 57% of total exports in 2022. Slovakia (X tons) held the second position in the ranking, followed by Belarus (X tons) and Poland (X tons). All these countries together held approx. 34% share of total exports. The following exporters - Hungary (X tons), Romania (X tons) and Russia (X tons) - together made up 8.1% of total exports.

From 2012 to 2022, average annual rates of growth with regard to extruded solid rubber rod exports from the Czech Republic stood at +4.7%. At the same time, Romania (+19.9%), Belarus (+6.6%) and Hungary (+3.1%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +19.9% from 2012-2022. Poland and Russia experienced a relatively flat trend pattern. By contrast, Slovakia (-1.5%) illustrated a downward trend over the same period. The Czech Republic (+6.9 p.p.), Belarus (+3.3 p.p.) and Romania (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Poland and Slovakia saw its share reduced by -3.1% and -8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest extruded solid rubber rod supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was held by Slovakia ($X), with a 21% share of total exports. It was followed by Poland, with a 9% share.

In the Czech Republic, extruded solid rubber rod exports expanded at an average annual rate of +5.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (+0.8% per year) and Poland (+2.0% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, falling by -1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 when the export price increased by 10% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded growth in overseas purchases of extruded solid rubber rods and profiles, which increased by 1% to X tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports declined slightly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2022, Poland (X tons), Russia (X tons), the Czech Republic (X tons) and Bulgaria (X tons) was the main importer of extruded solid rubber rods and profiles in Eastern Europe, comprising 77% of total import. Romania (X tons) held the next position in the ranking, followed by Hungary (X tons). All these countries together took approx. 12% share of total imports. Slovakia (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded solid rubber rod importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together comprising 60% of total imports. Bulgaria, Romania, Hungary and Slovakia lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Hungary, with a CAGR of +9.3%, recorded the highest rates of growth with regard to 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

The import price in Eastern Europe stood at $X per ton in 2022, with a decrease of -4.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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