Ukraine: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Ukraine

In 2022, the Ukrainian extruded solid rubber rod market decreased by -58.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a deep slump. Extruded solid rubber rod consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Production of Extruded Solid Rubber Rods And Profiles in Ukraine

In value terms, extruded solid rubber rod production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 5.8% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Ukraine

In 2022, approx. X tons of extruded solid rubber rods and profiles were exported from Ukraine; reducing by -38.4% against the previous year. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 73%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports shrank to $X in 2022. In general, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 61%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Belgium (X tons), Georgia (X tons) and Germany (X tons) were the main destinations of extruded solid rubber rod exports from Ukraine, together accounting for 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +122.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for extruded solid rubber rods and profiles exports from Ukraine, comprising 45% of total exports. The second position in the ranking was held by Belgium ($X), with a 22% share of total exports. It was followed by Georgia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +79.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+129.2% per year) and Georgia (-1.9% per year).

Export Prices by Country

The average extruded solid rubber rod export price stood at $X per ton in 2022, jumping by 43% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod export price increased by +130.1% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belarus ($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 Germany (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in purchases abroad of extruded solid rubber rods and profiles, when their volume decreased by -64.9% to X tons. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 23% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports dropped remarkably to $X in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Germany (X tons), Turkey (X tons) and Belarus (X tons) were the main suppliers of extruded solid rubber rod imports to Ukraine, together accounting for 72% of total imports. China, Poland, Malaysia, Spain, Belgium and Russia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +65.4%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Ukraine, comprising 60% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Belarus, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.0% per year) and Belarus (-13.9% per year).

Import Prices by Country

In 2022, the average extruded solid rubber rod import price amounted to $X per ton, with an increase of 23% against the previous year. Overall, the import price posted a resilient expansion. The growth pace was the most rapid in 2021 when the average import price increased by 34%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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