Eastern Europe: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Eastern Europe

In 2022, the East European vulcanised rubber seal market decreased by -3.5% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Vulcanised Rubber Seal Production in Eastern Europe

In value terms, vulcanised rubber seal production rose to $X in 2022 estimated in export price. The total output value 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 2017 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Vulcanised Rubber Seal Exports

Exports in Eastern Europe

In 2022, overseas shipments of seals of vulcanised rubber increased by 3.7% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 19%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 19%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Poland prevails in exports structure, reaching X tons, which was near 57% of total exports in 2022. The Czech Republic (X tons) took a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (7.9%), Slovakia (7.8%), Romania (7.2%) and Bulgaria (5.7%). Russia (X tons) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the seals of vulcanised rubber exports, with a CAGR of +6.9% from 2012 to 2022. At the same time, Hungary (+6.7%), Slovakia (+5.3%), Bulgaria (+3.2%), Romania (+2.5%) and the Czech Republic (+1.1%) displayed positive paces of growth. By contrast, Russia (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest vulcanised rubber seal supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total exports. It was followed by Hungary, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to +5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+0.7% per year) and Hungary (+5.0% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, which is down by -5.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 11%. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.2%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Seal Imports

Imports in Eastern Europe

In 2022, imports of seals of vulcanised rubber in Eastern Europe declined to X tons, with a decrease of -6.1% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 7.8%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Poland (X tons), Hungary (X tons) and the Czech Republic (X tons) represented the main importer of seals of vulcanised rubber in Eastern Europe, making up 62% of total import. It was distantly followed by Romania (X tons), Russia (X tons) and Slovakia (X tons), together achieving a 31% share of total imports. Belarus (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 60% of total imports. Hungary, Romania, Slovakia and Belarus lagged somewhat behind, together comprising a further 32%.

Hungary, with a CAGR of +4.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, waning by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2021 an increase of 10% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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