CIS: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in CIS

In 2022, the CIS market for isoprene rubber (IR) in primary forms decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption showed a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Isoprene Rubber (IR) in Primary Forms in CIS

In value terms, production of isoprene rubber (IR) in primary forms amounted to $X in 2022 estimated in export price. In general, production, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in CIS

In 2022, shipments abroad of isoprene rubber (IR) in primary forms increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of isoprene rubber (IR) in primary forms surged to $X in 2022. In general, exports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) was the largest exporter of isoprene rubber (IR) in primary forms in the CIS, comprising X% of total export.

Russia was also the fastest-growing in terms of the isoprene rubber (IR) in primary forms exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest isoprene rubber (IR) in primary form supplier in the CIS.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in CIS

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were imported in the CIS; with a decrease of X% on 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms reduced dramatically to $X in 2022. Overall, imports showed a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the largest importer of isoprene rubber (IR) in primary forms in the CIS, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), committing a X% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the isoprene rubber (IR) in primary forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Uzbekistan increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported isoprene rubber (IR) in primary forms in the CIS, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports.

In Russia, imports of isoprene rubber (IR) in primary forms expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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