Russian Federation: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in the Russian Federation

The Russian vulcanised rubber seal market rose markedly to $X in 2022, growing by 6.5% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Vulcanised Rubber Seal Production in the Russian Federation

In value terms, vulcanised rubber seal production rose notably to $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 36%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Vulcanised Rubber Seal Exports

Exports from the Russian Federation

In 2022, approx. X tons of seals of vulcanised rubber were exported from Russia; growing by 4.3% against the year before. Over the period under review, exports, however, showed a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 68% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal exports declined to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 50%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Armenia (X tons) were the main destinations of vulcanised rubber seal exports from Russia, together comprising 56% of total exports. Ukraine, Poland, Kyrgyzstan, Egypt, Azerbaijan, Lithuania, Sweden, Estonia and Turkmenistan lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +46.9%), 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 vulcanised rubber seal exported from Russia worldwide, with a combined 55% share of total exports. Armenia, Poland, Lithuania, Egypt, Estonia, Sweden, Kyrgyzstan, Azerbaijan and Turkmenistan lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Egypt, with a CAGR of +32.2%, 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

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, with a decrease of -12.9% against the previous year. Over the period under review, the export price, however, showed perceptible growth. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into the Russian Federation

After two years of decline, overseas purchases of seals of vulcanised rubber increased by 0.2% to X tons in 2022. Over the period under review, imports, however, saw a mild decrease. The pace of growth was the most pronounced in 2019 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal imports dropped to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 56% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

China (X tons), Germany (X tons) and Belarus (X tons) were the main suppliers of vulcanised rubber seal imports to Russia, together comprising 57% of total imports. Kazakhstan, South Korea, the Czech Republic, Poland, Turkey, the United States, Japan, India, France and Romania lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kazakhstan (with a CAGR of +69.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber seal suppliers to Russia were China ($X), Germany ($X) and the United States ($X), with a combined 43% share of total imports. Japan, France, Poland, South Korea, Belarus, the Czech Republic, India, Turkey, Romania and Kazakhstan lagged somewhat behind, together comprising a further 33%.

Kazakhstan, with a CAGR of +53.6%, 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 2022, the average vulcanised rubber seal import price amounted to $X per ton, shrinking by -8.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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