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

Market Size for Isoprene Rubber (IR) in Primary Forms in the Russian Federation

In 2022, the Russian market for isoprene rubber (IR) in primary forms decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption faced a deep setback. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in the Russian Federation

In value terms, production of isoprene rubber (IR) in primary forms dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The growth pace was the most rapid 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 from the Russian Federation

In 2022, overseas shipments of isoprene rubber (IR) in primary forms increased by X% to X tons, rising for the second consecutive year 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 consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of isoprene rubber (IR) in primary forms soared to $X in 2022. Overall, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Turkey (X tons) and the United States (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from Russia, together comprising X% of total exports. China, Spain, Hungary, Romania, Belarus, Japan, Mexico, Germany, Slovakia and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for isoprene rubber (IR) in primary form exported from Russia were Poland ($X), Turkey ($X) and the United States ($X), together comprising X% of total exports. China, Spain, Hungary, Belarus, Romania, Japan, Mexico, Germany, Slovakia and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price 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 for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and Belarus ($X per ton), while the average price for exports to Slovakia ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced a decline.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into the Russian Federation

For the third year in a row, Russia recorded growth in supplies from abroad of isoprene rubber (IR) in primary forms, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of isoprene rubber (IR) in primary forms shrank to $X in 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

India (X tons), France (X tons) and Italy (X tons) were the main suppliers of imports of isoprene rubber (IR) in primary forms to Russia, together accounting for X% of total imports. Germany and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest isoprene rubber (IR) in primary form suppliers to Russia were Italy ($X), India ($X) and France ($X), together comprising X% of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for isoprene rubber (IR) in primary forms amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Cote d'Ivoire ($X per ton), while the price for Germany ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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