Russian Federation: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in the Russian Federation

The Russian synthetic latex rubber market was estimated at $X in 2021, with an increase of 2.8% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Synthetic latex rubber consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Synthetic Latex Rubber Production in the Russian Federation

In value terms, synthetic latex rubber production amounted to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.0% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 60%. Synthetic latex rubber production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Synthetic Latex Rubber Exports

Exports from the Russian Federation

After four years of decline, overseas shipments of synthetic latex rubber increased by 228% to X tons in 2021. Over the period under review, exports, however, recorded a deep downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, synthetic latex rubber exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons), Uzbekistan (X tons) and Vietnam (X tons) were the main destinations of synthetic latex rubber exports from Russia, with a combined 72% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +63.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for synthetic latex rubber exports from Russia, comprising 42% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 18% share of total exports. It was followed by Ukraine, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+72.4% per year) and Ukraine (-21.2% per year).

Export Prices by Country

In 2021, the average synthetic latex rubber export price amounted to $X per ton, picking up by 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 53%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Uzbekistan ($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 Uzbekistan (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Latex Rubber Imports

Imports into the Russian Federation

In 2021, approx. X tons of synthetic latex rubber were imported into Russia; surging by 45% on the previous year's figure. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% 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 +57.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X tons), Germany (X tons) and France (X tons) were the main suppliers of synthetic latex rubber imports to Russia, together comprising 83% of total imports. Italy, the United States, India, Malaysia and Belgium lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +124.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic latex rubber suppliers to Russia were Finland ($X), Germany ($X) and Italy ($X), with a combined 76% share of total imports. France, the United States, India, Malaysia and Belgium lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, India, with a CAGR of +116.6%, recorded the highest growth rate of 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 synthetic latex rubber import price stood at $X per ton in 2021, with an increase of 31% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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