Russian Federation: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in the Russian Federation

In 2021, the Russian vulcanised rubber thread market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in the Russian Federation

In value terms, vulcanised rubber thread production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 41%. Vulcanised rubber thread production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from the Russian Federation

In 2021, shipments abroad of vulcanised rubber thread and cord increased by 40% to X tons, rising for the third year in a row after four years of decline. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 688% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, vulcanised rubber thread exports soared to $X in 2021. In general, exports continue to indicate measured growth. The pace of growth was the most pronounced in 2014 with an increase of 402% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Belarus (X tons) was the main destination for vulcanised rubber thread exports from Russia, accounting for a 88% share of total exports. Moreover, vulcanised rubber thread exports to Belarus exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. The third position in this ranking was taken by Kazakhstan (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus amounted to +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-14.3% per year) and Kazakhstan (-9.0% per year).

In value terms, Belarus ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Russia, comprising 87% of total exports. The second position in the ranking was held by Uzbekistan ($X), with an 8.5% share of total exports. It was followed by Kazakhstan, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to Belarus totaled +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-17.8% per year) and Kazakhstan (-8.4% per year).

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, surging by 18% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of 49%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kazakhstan ($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 Kazakhstan (+0.7%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Thread Imports

Imports into the Russian Federation

In 2021, the amount of vulcanised rubber thread and cord imported into Russia expanded to X tons, surging by 3.2% against the previous year's figure. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 74%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, vulcanised rubber thread imports soared to $X in 2021. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 53%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of vulcanised rubber thread to Russia, accounting for a 77% share of total imports. Moreover, vulcanised rubber thread imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. China (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 Thailand amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.1% per year) and China (+15.6% per year).

In value terms, Thailand ($X) constituted the largest supplier of vulcanised rubber thread and cord to Russia, comprising 75% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total imports. It was followed by China, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.3% per year) and China (+15.7% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, jumping by 31% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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