Russian Federation: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in the Russian Federation

In 2022, the Russian vulcanised rubber seal market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, consumption showed a relatively flat trend pattern. Vulcanised rubber seal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Seal Exports

Exports from the Russian Federation

In 2022, overseas shipments of seals of vulcanised rubber decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber seal exports fell markedly to $X in 2022. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons), Romania (X tons) and Uzbekistan (X tons) were the main destinations of vulcanised rubber seal exports from Russia, with a combined X% share of total exports.

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

In value terms, Kazakhstan ($X) remains the key foreign market for seals of vulcanised rubber exports from Russia, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, which is down by X% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price 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, vulcanised rubber seal export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

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

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Vulcanised Rubber Seal Imports

Imports into the Russian Federation

In 2022, purchases abroad of seals of vulcanised rubber decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vulcanised rubber seal imports contracted notably to $X in 2022. Overall, imports showed a mild reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest vulcanised rubber seal supplier to Russia, with a X% share of total imports. Moreover, vulcanised rubber seal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of seals of vulcanised rubber to Russia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average vulcanised rubber seal import price amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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