Eastern Europe: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Eastern Europe

The East European synthetic latex rubber market dropped to $X in 2022, falling by X% against the previous year. In general, consumption saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Synthetic Latex Rubber Production in Eastern Europe

In value terms, synthetic latex rubber production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Synthetic Latex Rubber Exports

Exports in Eastern Europe

In 2022, shipments abroad of synthetic latex rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted modest growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, synthetic latex rubber exports contracted to $X in 2022. In general, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), comprising a X% share of total exports. Hungary (X tons) and Estonia (X tons) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the synthetic latex rubber exports, with a CAGR of X% from 2012 to 2022. At the same time, Estonia (X%) displayed positive paces of growth. By contrast, Hungary (X%) and Russia (X%) illustrated a downward trend over the same period. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest synthetic latex rubber supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Poland, synthetic latex rubber exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a pronounced setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Hungary ($X per ton) and Russia ($X per ton), while Poland ($X per ton) and Estonia ($X per ton) were amongst the lowest.

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

Synthetic Latex Rubber Imports

Imports in Eastern Europe

In 2022, supplies from abroad of synthetic latex rubber decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Total imports indicated a mild expansion 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. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, synthetic latex rubber imports declined notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

The Czech Republic represented the major importer of synthetic latex rubber in Eastern Europe, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Poland (X%), Latvia (X%) and Hungary (X%). The following importers - Romania (X tons) and Bulgaria (X tons) - each accounted for a X% share of total imports.

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

In value terms, the Czech Republic ($X), Russia ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Hungary, Latvia, Romania and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, 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, growing by X% against the previous year. Overall, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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