Eastern Europe: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Eastern Europe

In 2021, the East European unvulcanised rubber market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a slight setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Unvulcanised Rubber Production in Eastern Europe

In value terms, unvulcanised rubber production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 53% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports in Eastern Europe

In 2021, approx. X tons of unvulcanised rubber were exported in Eastern Europe; growing by 17% against 2020. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 +66.0% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unvulcanised rubber exports soared to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Poland (X tons), distantly followed by Romania (X tons), the Czech Republic (X tons), Hungary (X tons) and Slovakia (X tons) represented the major exporters of unvulcanised rubber, together achieving 95% of total exports. The following exporters - Lithuania (X tons) and Russia (X tons) - each resulted at a 4.1% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Lithuania (with a CAGR of +49.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanised rubber supplying countries in Eastern Europe were Poland ($X), Romania ($X) and the Czech Republic ($X), with a combined 80% share of total exports. Hungary, Slovakia, Lithuania and Russia lagged somewhat behind, together accounting for a further 19%.

Lithuania, with a CAGR of +37.0%, recorded the highest growth rate of 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

The export price in Eastern Europe stood at $X per ton in 2021, increasing by 4.2% against the previous year. Overall, the export price, however, recorded a pronounced setback. The growth pace was the most rapid in 2018 when the export price increased by 7.6% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+0.1%), while the other leaders experienced a decline in the export price figures.

Unvulcanised Rubber Imports

Imports in Eastern Europe

In 2021, after two years of decline, there was significant growth in supplies from abroad of unvulcanised rubber, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 18% against the previous year. 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, unvulcanised rubber imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Poland was the key importer of unvulcanised rubber in Eastern Europe, with the volume of imports reaching X tons, which was approx. 42% of total imports in 2021. It was distantly followed by Romania (X tons), Hungary (X tons), the Czech Republic (X tons), Slovakia (X tons) and Russia (X tons), together achieving a 50% share of total imports. Belarus (X tons) took a minor share of total imports.

Poland was also the fastest-growing in terms of the unvulcanised rubber imports, with a CAGR of +9.2% from 2012 to 2021. At the same time, Belarus (+5.2%), the Czech Republic (+2.6%) and Romania (+2.1%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. By contrast, Hungary (-4.0%) and Slovakia (-6.1%) illustrated a downward trend over the same period. Poland (+18 p.p.) significantly strengthened its position in terms of the total imports, while Slovakia and Hungary saw its share reduced by -8.9% and -10.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported unvulcanised rubber in Eastern Europe, comprising 42% of total imports. The second position in the ranking was held by Romania ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 12% share.

In Poland, unvulcanised rubber imports expanded at an average annual rate of +6.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Romania (-1.3% per year) and the Czech Republic (+2.9% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 7.5% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 8.3% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 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 (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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