Slovenia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Slovenia

The Slovene unvulcanized rubber market surged to $X in 2022, growing by 72% against the previous year. Over the period under review, consumption continues to indicate a noticeable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Unvulcanized Rubber Production in Slovenia

In value terms, unvulcanized rubber production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Unvulcanized rubber production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Unvulcanized Rubber Exports

Exports from Slovenia

In 2022, shipments abroad of unvulcanized rubber and articles thereof decreased by -13.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, unvulcanized rubber exports declined modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Serbia (X tons) were the main destinations of unvulcanized rubber exports from Slovenia, together comprising 50% of total exports. Croatia, Poland, India, France, China, the Czech Republic, Ukraine, Bosnia and Herzegovina, Turkey and the United States lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +46.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unvulcanized rubber exported from Slovenia were Germany ($X), Italy ($X) and Serbia ($X), together accounting for 49% of total exports. Poland, the United States, China, Croatia, France, the Czech Republic, Turkey, Bosnia and Herzegovina, India and Ukraine lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, India, with a CAGR of +17.7%, saw the highest rates of growth with regard to 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 unvulcanized rubber export price amounted to $X per ton, picking up by 13% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine ($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 the United States (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Slovenia

In 2022, supplies from abroad of unvulcanized rubber and articles thereof increased by 6.5% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, unvulcanized rubber imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.5% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Hungary (X tons) and Italy (X tons) were the main suppliers of unvulcanized rubber imports to Slovenia, together accounting for 62% of total imports. Germany, Poland, Austria and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber suppliers to Slovenia were Germany ($X), Italy ($X) and Hungary ($X), with a combined 62% share of total imports. The Czech Republic, Poland, Austria and the UK lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Poland, with a CAGR of +33.0%, recorded the highest rates of growth with regard to 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 unvulcanized rubber import price stood at $X per ton in 2022, growing by 2% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 8.4%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform