Russian Federation: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in the Russian Federation

The Russian vulcanised rubber erases market rose rapidly to $X in 2021, picking up by 12% 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). Overall, consumption showed a notable expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from the Russian Federation

In 2021, shipments abroad of erasers of vulcanised rubber increased by 5.4% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 279%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, vulcanised rubber erases exports soared to $X in 2021. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 228%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of vulcanised rubber erases exports from Russia, together accounting for 88% of total exports. Kyrgyzstan, Latvia and Armenia lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +189.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) were the largest markets for vulcanised rubber erases exported from Russia worldwide, together accounting for 86% of total exports. Kyrgyzstan, Armenia and Latvia lagged somewhat behind, together comprising a further 11%.

Latvia, with a CAGR of +178.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Belarus ($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 Kyrgyzstan (+5.7%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Erases Imports

Imports into the Russian Federation

Vulcanised rubber erases imports into Russia was estimated at X tons in 2021, stabilizing at 2020 figures. Overall, imports showed a measured expansion. The growth pace was the most rapid in 2017 with an increase of 264%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber erases imports surged to $X in 2021. Over the period under review, imports posted a tangible increase. The pace of growth was the most pronounced in 2017 with an increase of 175% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber erases supplier to Russia, accounting for a 64% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.6% per year) and the Czech Republic (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Russia, comprising 66% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.3% per year) and the Czech Republic (-4.2% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 37%. The import price peaked 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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