Eastern Europe: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in Eastern Europe

In 2022, the East European synthetic rubber (excluding latex) market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Synthetic Rubber (Excluding Latex) in Eastern Europe

In value terms, synthetic rubber (excluding latex) production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Synthetic Rubber (Excluding Latex)

Exports in Eastern Europe

In 2022, approx. X tons of synthetic rubber (excluding latex) were exported in Eastern Europe; waning by X% compared with 2021. Total exports indicated a temperate 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. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, synthetic rubber (excluding latex) exports declined to $X in 2022. Overall, exports showed a mild decline. The most prominent rate of growth was recorded in 2021 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 stood at a somewhat lower figure.

Exports by Country

Russia represented the major exporter of synthetic rubber (excluding latex) in Eastern Europe, with the volume of exports recording X tons, which was near X% of total exports in 2022. Poland (X tons) held the second position in the ranking, followed by the Czech Republic (X tons). All these countries together held near X% share of total exports. Hungary (X tons) held a relatively small share of total exports.

Russia was also the fastest-growing in terms of the synthetic rubber (excluding latex) exports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. By contrast, Hungary (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, synthetic rubber (excluding latex) exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Imports of Synthetic Rubber (Excluding Latex)

Imports in Eastern Europe

In 2022, approx. X tons of synthetic rubber (excluding latex) were imported in Eastern Europe; dropping by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, synthetic rubber (excluding latex) imports amounted to $X in 2022. Overall, imports saw a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Poland represented the key importer of synthetic rubber (excluding latex) in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Romania (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Hungary (X tons), Slovakia (X tons) and Russia (X tons). All these countries together held near X% share of total imports. Lithuania (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber (excluding latex) importing markets in Eastern Europe were Poland ($X), Romania ($X) and the Czech Republic ($X), with a combined X% share of total imports. Hungary, Slovakia, Russia and Lithuania lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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. Over the period under review, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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