Eastern Europe: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Eastern Europe

In 2023, after two years of growth, there was significant decline in the East European synthetic rubber market, when its value decreased by X% to $X. Over the period under review, consumption showed a slight decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Synthetic Rubber Production in Eastern Europe

In value terms, synthetic rubber production amounted to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Synthetic Rubber Exports

Exports in Eastern Europe

Synthetic rubber exports fell slightly to X tons in 2023, approximately reflecting the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, synthetic rubber exports reduced to $X in 2023. Overall, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Russia represented the largest exporter of synthetic rubber in Eastern Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Poland (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons). All these countries together took near X% share of total exports. Hungary (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. The Czech Republic and Hungary experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%. 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

The export price in Eastern Europe stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 Rubber Imports

Imports in Eastern Europe

Synthetic rubber imports dropped to X tons in 2023, which is down by X% on the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, synthetic rubber imports reduced to $X in 2023. In general, imports continue to indicate 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 import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Poland (X tons), distantly followed by the Czech Republic (X tons), Hungary (X tons), Romania (X tons), Russia (X tons), Slovakia (X tons) and Belarus (X tons) represented the major importers of synthetic rubber, together constituting X% of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Russia (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. The Czech Republic and Hungary experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.), Poland (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Hungary (X p.p.) and Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported synthetic rubber in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Poland totaled X%. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. 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 hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Hungary ($X per ton) and Slovakia ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2023, 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