Eastern Europe: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Eastern Europe

The East European rubber tube and pipe market shrank sharply to $X in 2021, falling by -32.9% against the previous year. Over the period under review, consumption saw a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Eastern Europe

In value terms, rubber tube and pipe production declined remarkably to $X in 2021 estimated in export price. Overall, production recorded a pronounced reduction. The pace of growth was the most pronounced in 2015 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Eastern Europe

In 2021, rubber tube and pipe exports in Eastern Europe rose sharply to X tons, picking up by 11% compared with 2020 figures. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +6.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 14% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, rubber tube and pipe exports stood at $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) and the Czech Republic (X tons) represented the key exporters of tubes, pipes and hoses of vulcanized rubber in 2021, reaching approx. 32% and 32% of total exports, respectively. Bulgaria (X tons) ranks next in terms of the total exports with a 9.2% share, followed by Russia (8%), Romania (7.3%) and Hungary (5.2%). Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of +13.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Bulgaria ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 72% share of total exports.

Bulgaria, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, growing by 2.9% against the previous year. Overall, the export price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2016 when the export price increased by 6.9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in Eastern Europe

Rubber tube and pipe imports soared to X tons in 2021, rising by 20% compared with the previous year. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports surged to $X in 2021. The total import value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons) and Poland (X tons) represented roughly 52% of total imports in 2021. The Czech Republic (X tons) ranks next in terms of the total imports with a 16% share, followed by Romania (5.8%), Hungary (5.4%), Ukraine (5.4%) and Slovakia (4.8%). Bulgaria (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber tube and pipe importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined 62% share of total imports. Hungary, Romania, Slovakia, Bulgaria and Ukraine lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, Bulgaria, with a CAGR of +17.0%, saw 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

The import price in Eastern Europe stood at $X per ton in 2021, rising by 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 Slovakia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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