Eastern Europe: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Eastern Europe

The East European vulcanised cellular rubber articles market reduced slightly to $X in 2021, which is down by -4.7% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.9% against 2019 indices. 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.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Eastern Europe

In value terms, vulcanised cellular rubber articles production shrank dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 38%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Eastern Europe

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses increased by 12% to X tons, rising for the fifth year in a row after four years of decline. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% 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 +81.9% against 2016 indices. The pace of growth was the most pronounced in 2018 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, vulcanised cellular rubber articles exports skyrocketed to $X in 2021. In general, exports enjoyed prominent growth. 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) and Bulgaria (X tons) were the key exporters of vulcanised cellular rubber articles for technical uses in Eastern Europe, together committing 70% of total exports. Romania (X tons) took the next position in the ranking, followed by the Czech Republic (X tons) and Hungary (X tons). All these countries together held near 22% share of total exports. Slovakia (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +34.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles supplying countries in Eastern Europe were Poland ($X), Romania ($X) and the Czech Republic ($X), with a combined 69% share of total exports.

Romania, with a CAGR of +25.1%, saw the highest growth rate of the value of exports, among 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, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hungary ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+10.8%), while the other leaders experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas purchases of vulcanised cellular rubber articles for technical uses, which increased by 26% to X tons in 2021. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.8% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles imports surged to $X in 2021. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 28% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Poland (X tons) represented the largest importer of vulcanised cellular rubber articles for technical uses, committing 33% of total imports. It was distantly followed by Russia (X tons), Romania (X tons), Slovakia (X tons), Ukraine (X tons) and the Czech Republic (X tons), together creating a 56% share of total imports. Hungary (X tons) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of +13.2% from 2012 to 2021. At the same time, Ukraine (+17.4%), Russia (+16.3%), Slovakia (+15.7%) and Romania (+6.1%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +17.4% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. By contrast, Hungary (-13.3%) illustrated a downward trend over the same period. Poland (+12 p.p.), Russia (+8.3 p.p.), Slovakia (+5.5 p.p.) and Ukraine (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and Hungary saw its share reduced by -7.2% and -22.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vulcanised cellular rubber articles importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for 68% of total imports.

Russia, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, among 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

In 2021, the import price in Eastern Europe amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, continues to indicate slight growth. The pace of growth appeared the most rapid in 2018 when the import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($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 (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :