$Belarus - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: Apr 1, 2024

Belarus - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Latex Rubber Price in Belarus - 2022

Synthetic Latex Rubber Price in Belarus (CIF) - 2022

The average synthetic latex rubber import price stood at $1,424 per ton in March 2022, picking up by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in June 2021 when the average import price increased by 18% m-o-m. As a result, import price reached the peak level of $1,567 per ton. From July 2021 to March 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($1,677 per ton), while the price for Finland ($1,181 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Latex Rubber Price in Belarus (FOB) - 2022

The average synthetic latex rubber export price stood at $2,978 per ton in 2022, surging by 21% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,441 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($3,388 per ton), while the average price for exports to Russia amounted to $2,963 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+3.2%).

Synthetic Latex Rubber Imports in Belarus

For the fourth consecutive year, Belarus recorded growth in purchases abroad of synthetic latex rubber, which increased by 10% to 8.2K tons in 2022. The total import volume increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, synthetic latex rubber imports soared to $11M in 2022. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 60%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Synthetic Latex Rubber in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	1,741	1,422	1,810	2,500	12.8%
Germany	1,916	2,222	2,292	1,357	-10.9%
Poland	438	215	39.3	656	14.4%
Russia	528	244	451	495	-2.1%
Netherlands	671	460	386	423	-14.3%
France	515	751	20.1	302	-16.3%
Belgium	241	234	168	184	-8.6%
Others	279	249	4,107	4,844	158.9%
Total	6,330	5,797	9,273	10,761	19.3%

Top Suppliers of Synthetic Latex Rubber to Belarus in 2022:

Finland (1.9K tons)
Germany (1.1K tons)
Netherlands (0.5K tons)
Poland (0.3K tons)
France (0.3K tons)
Russia (0.3K tons)
Belgium (0.2K tons)

Synthetic Latex Rubber Exports in Belarus

In 2022, after three years of growth, there was significant decline in overseas shipments of synthetic latex rubber, when their volume decreased by -25.8% to 26 tons. In general, exports saw a mild reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 24%.

In value terms, synthetic latex rubber exports contracted to $78K in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $87K, and then fell in the following year.

Export of Synthetic Latex Rubber in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	60.8	57.5	81.4	75.1	7.3%
Moldova	3.0	4.0	5.4	3.1	1.1%
Armenia	N/A	4.4	N/A	N/A	0%
Ukraine	14.9	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	78.8	66.0	86.8	78.2	-0.3%

Top Export Markets for Synthetic Latex Rubber from Belarus in 2022:

Russia (25.3 tons)
Moldova (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber market in Belarus. 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 20171050 - Synthetic latex rubber

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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