Ukraine: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Ukraine

In 2021, the Ukrainian unvulcanised rubber market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Production in Ukraine

In value terms, unvulcanised rubber production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +115.5% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Unvulcanised rubber production peaked at $X in 2020, and then fell slightly in the following year.

Unvulcanised Rubber Exports

Exports from Ukraine

In 2021, shipments abroad of unvulcanised rubber increased by 30% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 2,154%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, unvulcanised rubber exports surged to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 851%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for unvulcanised rubber exports from Ukraine, with a 85% share of total exports. Moreover, unvulcanised rubber exports to Poland exceeded the volume sent to the second major destination, Russia (X tons), eightfold. The third position in this ranking was taken by Jordan (X tons), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +133.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+9.0% per year) and Jordan (-20.9% per year).

In value terms, Poland ($X) remains the key foreign market for unvulcanised rubber exports from Ukraine, comprising 79% of total exports. The second position in the ranking was held by Russia ($X), with a 13% share of total exports. It was followed by Moldova, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.0% per year) and Moldova (+14.1% per year).

Export Prices by Country

The average unvulcanised rubber export price stood at $X per ton in 2021, increasing by 23% against the previous year. Over the period under review, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

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 Moldova ($X per ton), while the average price for exports to Poland ($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 Jordan (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanised Rubber Imports

Imports into Ukraine

After three years of decline, supplies from abroad of unvulcanised rubber increased by 8% to X tons in 2021. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 60%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Slovakia (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of unvulcanised rubber imports to Ukraine, together comprising 71% of total imports. These countries were followed by the Netherlands, Germany, Slovenia, Italy and Turkey, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +102.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Poland ($X) were the largest unvulcanised rubber suppliers to Ukraine, with a combined 63% share of total imports. Germany, the Netherlands, Italy, Slovenia and Turkey lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Slovenia, with a CAGR of +65.6%, saw 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

In 2021, the average unvulcanised rubber import price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 the Czech Republic ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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