Slovakia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Slovakia

In 2021, the Slovak unvulcanised rubber market increased by 71% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a deep slump. Unvulcanised rubber consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Production in Slovakia

In value terms, unvulcanised rubber production expanded modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a sharp slump. Unvulcanised rubber production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports from Slovakia

In 2021, after four years of growth, there was significant decline in overseas shipments of unvulcanised rubber, when their volume decreased by -22.8% to X tons. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 111% against the previous year. The exports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, unvulcanised rubber exports reduced notably to $X in 2021. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 89% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

The Czech Republic (X tons), Ukraine (X tons) and Poland (X tons) were the main destinations of unvulcanised rubber exports from Slovakia, together comprising 62% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +116.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unvulcanised rubber exported from Slovakia were the Czech Republic ($X), Poland ($X) and Romania ($X), together comprising 62% of total exports. Turkey, Germany, Ukraine and Portugal lagged somewhat behind, together accounting for a further 32%.

Turkey, with a CAGR of +91.3%, recorded the highest growth rate of the value of exports, among 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 unvulcanised rubber export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15%. The export price peaked 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Ukraine ($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 Turkey (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanised Rubber Imports

Imports into Slovakia

In 2021, purchases abroad of unvulcanised rubber decreased by -6.7% to X tons, falling for the third year in a row after three years of growth. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports surged to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 37%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest unvulcanised rubber supplier to Slovakia, with a 61% share of total imports. Moreover, unvulcanised rubber imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.0% per year) and Italy (+51.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of unvulcanised rubber to Slovakia, comprising 54% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+67.9% per year) and Germany (-21.6% per year).

Import Prices by Country

The average unvulcanised rubber import price stood at $X per ton in 2021, jumping by 24% against the previous year. Overall, the import price, however, recorded a perceptible descent. The growth pace was the most rapid in 2019 an increase of 31%. 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 Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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