Eastern Europe: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Eastern Europe

The East European reclaimed rubber market expanded sharply to $X in 2021, surging by 9% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Reclaimed Rubber Production in Eastern Europe

In value terms, reclaimed rubber production expanded sharply to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +82.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 47% against the previous year. The level of production peaked in 2021 and is expected to retain growth in years to come.

Reclaimed Rubber Exports

Exports in Eastern Europe

In 2021, the amount of reclaimed rubber exported in Eastern Europe skyrocketed to X tons, increasing by 27% against the year before. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 32%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, reclaimed rubber exports surged to $X in 2021. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 146% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Belarus (X tons), distantly followed by the Czech Republic (X tons), Poland (X tons), Hungary (X tons), Ukraine (X tons) and Russia (X tons) represented the largest exporters of reclaimed rubber, together mixing up 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +62.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest reclaimed rubber supplier in Eastern Europe, comprising 57% of total exports. The second position in the ranking was held by Belarus ($X), with a 12% share of total exports. It was followed by Poland, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value in the Czech Republic amounted to +16.1%. In the other countries, the average annual rates were as follows: Belarus (+8.2% per year) and Poland (+18.4% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, reducing by -7.5% against the previous year. Over the period under review, the export price, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2017 when the export price increased by 86%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.0%), while the other leaders experienced a decline in the export price figures.

Reclaimed Rubber Imports

Imports in Eastern Europe

In 2021, overseas purchases of reclaimed rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) and Russia (X tons) were the largest importers of reclaimed rubber in Eastern Europe, together generating 66% of total imports. Romania (X tons) took the next position in the ranking, followed by Slovakia (X tons), Poland (X tons) and Hungary (X tons). All these countries together held approx. 28% share of total imports. Belarus (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber importing markets in Eastern Europe were the Czech Republic ($X), Romania ($X) and Russia ($X), with a combined 73% share of total imports. These countries were followed by Hungary, Poland, Slovakia and Belarus, which together accounted for a further 24%.

In terms of the main importing countries, Hungary, with a CAGR of +32.6%, 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 4.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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 Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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