Russian Federation: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in the Russian Federation

The Russian rubber-to-metal and moulded article market skyrocketed to $X in 2021, picking up by 40% 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, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +89.9% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Rubber-to-Metal and Moulded Articles

Exports from the Russian Federation

In 2021, approx. X tons of rubber-to-metal and moulded articles were exported from Russia; jumping by 19% against 2020 figures. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports skyrocketed to $X in 2021. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 31%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of rubber-to-metal and moulded article exports from Russia, together accounting for 62% of total exports. These countries were followed by Belgium, Uzbekistan, Azerbaijan and Armenia, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +136.6%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) constituted the largest markets for rubber-to-metal and moulded article exported from Russia worldwide, together accounting for 67% of total exports. Armenia, Azerbaijan, Uzbekistan and Belgium lagged somewhat behind, together comprising a further 9.7%.

Belgium, with a CAGR of +61.8%, recorded the highest growth rate of 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 rubber-to-metal and moulded article export price stood at $X per ton in 2021, growing by 6.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 22%. As a result, the export price attained 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 Kazakhstan ($X per ton), while the average price for exports to Belgium ($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 Belarus (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into the Russian Federation

In 2021, imports of rubber-to-metal and moulded articles into Russia soared to X tons, with an increase of 23% compared with 2020 figures. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 29% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, rubber-to-metal and moulded article imports surged to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +98.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest rubber-to-metal and moulded article supplier to Russia, with a 32% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.5% per year) and South Korea (+5.7% per year).

In value terms, the largest rubber-to-metal and moulded article suppliers to Russia were Germany ($X), China ($X) and Japan ($X), with a combined 48% share of total imports. These countries were followed by Turkey, South Korea, Italy, Belarus, India, Spain, Poland, Sweden, Thailand and Ukraine, which together accounted for a further 30%.

Among the main suppliers, Belarus, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, rising by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 an increase of 25%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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