Kazakhstan: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Kazakhstan

The Kazakh synthetic rubber market shrank sharply to $X in 2021, dropping by -18.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt decline. Synthetic rubber consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Synthetic Rubber Exports

Exports from Kazakhstan

In 2020, the amount of synthetic rubber exported from Kazakhstan soared to X tons, jumping by 44% against the previous year. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by 274,193%. The exports peaked at X tons in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, synthetic rubber exports skyrocketed to $X in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 16,061%. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Uzbekistan (X tons) and Russia (X tons) were the main destinations of synthetic rubber exports from Kazakhstan, with a combined 75% share of total exports. Moreover, synthetic rubber exports in Spain exceeded the figures recorded by the second-largest exporter, Uzbekistan, threefold.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +106.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Russia ($X) and Uzbekistan ($X) appeared to be the largest markets for synthetic rubber exported from Kazakhstan worldwide, together accounting for 75% of total exports. Moreover, synthetic rubber exports in Spain exceeded the figures recorded by the second-largest exporter, Russia, fivefold.

In terms of the main countries of destination, Spain, with a CAGR of +225.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average synthetic rubber export price amounted to less than $X per ton, which is down by 99.9% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 3,247% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+58.0%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into Kazakhstan

In 2021, imports of synthetic rubber into Kazakhstan dropped significantly to X tons, which is down by -20.4% against the previous year. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 45%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, synthetic rubber imports shrank markedly to $X in 2021. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest synthetic rubber supplier to Kazakhstan, accounting for a 51% share of total imports. Moreover, synthetic rubber imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.9% per year) and Belgium (+25.1% per year).

In value terms, Russia ($X) constituted the largest supplier of synthetic rubber to Kazakhstan, comprising 44% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.4% per year) and France (-2.7% per year).

Import Prices by Country

In 2021, the average synthetic rubber import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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