Eastern Europe: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Eastern Europe

The East European natural rubber and gum market totaled $X in 2022, growing by X% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Natural Rubber And Gums in Eastern Europe

In value terms, natural rubber and gum production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Hungary (X tons) constituted the country with the largest volume of natural rubber and gum production, comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Hungary amounted to X.0%.

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Exports of Natural Rubber And Gums

Exports in Eastern Europe

Natural rubber and gum exports surged to X tons in 2022, growing by X% compared with 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, natural rubber and gum exports fell sharply to $X in 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Hungary dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Poland (X tons), constituting a X% share of total exports.

Hungary was also the fastest-growing in terms of the natural rubber and gums exports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%) displayed positive paces of growth. Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Poland ($X) emerged as the largest natural rubber and gum supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Poland stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Hungary stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%).

Imports of Natural Rubber And Gums

Imports in Eastern Europe

In 2022, the amount of natural rubber and gums imported in Eastern Europe rose rapidly to X tons, increasing by X% on the previous year's figure. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, natural rubber and gum imports rose notably to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Poland (X tons) and Russia (X tons) represented the major importers of natural rubber and gums in Eastern Europe, together achieving X% of total imports. It was distantly followed by Belarus (X tons), making up a X% share of total imports. Hungary (X tons), the Czech Republic (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Belarus ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Belarus, with a CAGR of X%, 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 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked 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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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