$Russian Federation - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: Apr 1, 2024

Russian Federation - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Synthetic Rubber (Excluding Latex) in Russia - 2022

Price for Synthetic Rubber (Excluding Latex) in Russia (FOB) - 2022

In January 2022, the average synthetic rubber (excluding latex) export price amounted to $1,899 per ton, falling by -1.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 9.4% month-to-month. The export price peaked at $1,973 per ton in November 2021; however, from December 2021 to January 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In January 2022, the highest price was recorded for prices to Hungary ($2,030 per ton) and Poland ($1,951 per ton), while the average price for exports to Spain ($1,782 per ton) and Brazil ($1,810 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Synthetic Rubber (Excluding Latex) in Russia (CIF) - 2022

In 2021, the average synthetic rubber (excluding latex) import price amounted to $2,638 per ton, increasing by 28% against the previous year. In general, the import price, however, saw a perceptible shrinkage. Over the period under review, average import prices hit record highs at $3,747 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 Japan ($3,584 per ton), while the price for the Czech Republic ($1,844 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

Exports of Synthetic Rubber (Excluding Latex) in Russia

In 2022, approx. 1M tons of synthetic rubber (excluding latex) were exported from Russia; with a decrease of -5.3% compared with the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, the exports attained the peak of 1.1M tons, and then contracted in the following year.

In value terms, synthetic rubber (excluding latex) exports shrank significantly to $1.6B in 2022. Over the period under review, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $1.9B, and then dropped dramatically in the following year.

Export of Synthetic Rubber (Excluding Latex) in Russia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	207	249	242	8.1%
Poland	179	123	217	10.1%
India	127	135	196	24.2%
Turkey	75.8	83.7	157	43.9%
United States	85.3	48.5	105	10.9%
Hungary	125	51.8	92.0	-14.2%
Mexico	81.6	48.3	83.2	1.0%
Belarus	57.4	39.9	67.8	8.7%
Romania	71.8	38.4	66.3	-3.9%
Slovakia	65.9	44.1	65.1	-0.6%
Germany	49.2	47.2	64.4	14.4%
Czech Republic	57.1	36.2	55.9	-1.1%
Brazil	48.4	32.7	52.3	4.0%
Others	551	278	434	-11.2%
Total	1,781	1,255	1,898	3.2%

Top Export Markets for Synthetic Rubber (Excluding Latex) from Russia in 2022:

China (149.1K tons)
Poland (122.5K tons)
India (107.6K tons)
Turkey (93.0K tons)
United States (55.7K tons)
Mexico (48.9K tons)
Hungary (48.5K tons)
Romania (39.9K tons)
Slovakia (38.1K tons)
Germany (37.5K tons)
Belarus (36.0K tons)
Brazil (32.7K tons)
Czech Republic (32.4K tons)

Imports of Synthetic Rubber (Excluding Latex) in Russia

In 2022, imports of synthetic rubber (excluding latex) into Russia contracted modestly to 70K tons, with a decrease of -4% against the previous year's figure. Over the period under review, imports saw a slight reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 8.6%.

In value terms, synthetic rubber (excluding latex) imports fell to $165M in 2022. In general, imports continue to indicate a slight descent. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $192M, and then reduced in the following year.

Import of Synthetic Rubber (Excluding Latex) in Russia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
South Korea	19.4	18.0	36.5	37.2%
Germany	39.3	27.9	36.4	-3.8%
Taiwan (Chinese)	21.6	16.9	18.9	-6.5%
Japan	17.3	16.8	15.6	-5.0%
Belgium	15.1	9.9	13.4	-5.8%
China	10.7	5.0	10.4	-1.4%
United States	11.8	8.4	7.9	-18.2%
Czech Republic	7.4	4.6	7.1	-2.0%
Italy	3.5	4.8	5.9	29.8%
France	8.0	5.0	5.9	-14.1%
Saudi Arabia	1.6	2.5	4.8	73.2%
Poland	4.4	2.7	4.8	4.4%
Thailand	1.8	1.9	3.7	43.4%
Others	11.9	13.5	20.9	32.5%
Total	174	138	192	5.0%

Top Suppliers of Synthetic Rubber (Excluding Latex) to Russia in 2022:

South Korea (14.9K tons)
Germany (12.8K tons)
Taiwan (Chinese) (8.4K tons)
Belgium (4.8K tons)
Japan (4.3K tons)
Czech Republic (3.9K tons)
China (3.3K tons)
United States (3.2K tons)
Poland (2.5K tons)
France (2.3K tons)
Italy (2.0K tons)
Saudi Arabia (1.9K tons)
Thailand (1.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171090 - Synthetic rubber (excluding latex)

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023