Russian Federation: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in the Russian Federation

In 2021, the Russian unvulcanised rubber market increased by 63% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a slight slump. Unvulcanised rubber consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Exports

Exports from the Russian Federation

In 2021, shipments abroad of unvulcanised rubber decreased by -5.9% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of 51%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, unvulcanised rubber exports rose sharply to $X in 2021. Overall, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Uzbekistan (X tons) were the main destinations of unvulcanised rubber exports from Russia, with a combined 55% share of total exports. These countries were followed by Latvia, Finland, Ukraine, Serbia and Azerbaijan, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +29.1%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) emerged as the key foreign market for unvulcanised rubber exports from Russia, comprising 39% of total exports. The second position in the ranking was held by Finland ($X), with a 15% share of total exports. It was followed by Kazakhstan, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-0.1% per year) and Kazakhstan (-9.2% per year).

Export Prices by Country

The average unvulcanised rubber export price stood at $X per ton in 2021, growing by 18% against the previous year. In general, the export price, however, recorded a abrupt contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Serbia ($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 Serbia (-2.7%), while the prices for the other major destinations experienced a decline.

Unvulcanised Rubber Imports

Imports into the Russian Federation

In 2021, supplies from abroad of unvulcanised rubber was finally on the rise to reach X tons after three years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 52%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, unvulcanised rubber imports soared to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of unvulcanised rubber to Russia, accounting for a 35% share of total imports. Moreover, unvulcanised rubber imports from Poland exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +124.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+1.6% per year) and the Czech Republic (+9.9% per year).

In value terms, Poland ($X) constituted the largest supplier of unvulcanised rubber to Russia, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Finland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +121.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.2% per year) and Finland (-2.5% per year).

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 8.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 Serbia ($X per ton), while the price for the Czech Republic ($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 (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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