Russian Federation: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in the Russian Federation

After three years of growth, the Russian market for isoprene rubber (IR) in primary forms decreased by -50.8% to $X in 2021. In general, consumption continues to indicate a noticeable curtailment. Consumption of peaked at $X in 2020, and then shrank rapidly in the following year.

Production of Isoprene Rubber (IR) in Primary Forms in the Russian Federation

In value terms, production of isoprene rubber (IR) in primary forms totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 4.8% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from the Russian Federation

In 2021, shipments abroad of isoprene rubber (IR) in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of isoprene rubber (IR) in primary forms soared to $X in 2021. Overall, exports, however, recorded a deep slump. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Turkey (X tons) and Mexico (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from Russia, together accounting for 31% of total exports. These countries were followed by Brazil, the United States, Ukraine, Belarus, China, Hungary, India, Romania, Spain and Germany, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +41.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and Mexico ($X) appeared to be the largest markets for isoprene rubber (IR) in primary form exported from Russia worldwide, with a combined 30% share of total exports. These countries were followed by the United States, Brazil, Belarus, Ukraine, China, Hungary, India, Spain, Romania and Germany, which together accounted for a further 49%.

Among the main countries of destination, India, with a CAGR of +29.8%, saw the highest growth rate of 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

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, increasing by 22% against the previous year. In general, the export price, however, showed a abrupt curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Belarus ($X per ton) and Ukraine ($X per ton), while the average price for exports to Poland ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-5.5%), while the prices for the other major destinations experienced a decline.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into the Russian Federation

In 2021, supplies from abroad of isoprene rubber (IR) in primary forms increased by 96% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of isoprene rubber (IR) in primary forms soared to $X in 2021. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Italy (X tons) and India (X tons) were the main suppliers of imports of isoprene rubber (IR) in primary forms to Russia, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +124.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest isoprene rubber (IR) in primary form suppliers to Russia were Italy ($X), France ($X) and India ($X), together comprising 73% of total imports.

India, with a CAGR of +116.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for isoprene rubber (IR) in primary forms amounted to $X per ton, with an increase of 41% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and Malaysia ($X per ton), while the price for France ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform