Eastern Europe: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Eastern Europe

The East European vulcanised rubber thread market fell to $X in 2022, declining by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Vulcanised Rubber Thread Production in Eastern Europe

In value terms, vulcanised rubber thread production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports in Eastern Europe

In 2022, shipments abroad of vulcanised rubber thread and cord decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports fell significantly to $X in 2022. In general, exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland represented the major exporter of vulcanised rubber thread and cord in Eastern Europe, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X tons), Romania (X tons), the Czech Republic (X tons) and Bulgaria (X tons), together generating a X% share of total exports. The following exporters - Hungary (X tons) and Lithuania (X tons) - together made up X% of total exports.

Exports from Poland decreased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Romania (X%), the Czech Republic (X%), Hungary (X%), Lithuania (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Belarus (X p.p.), Romania (X p.p.), the Czech Republic (X p.p.), Hungary (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Poland, vulcanised rubber thread exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Vulcanised Rubber Thread Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was decline in supplies from abroad of vulcanised rubber thread and cord, when their volume decreased by X% to X tons. Total imports indicated strong growth 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. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber thread imports declined slightly to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Russia represented the key importing country with an import of around X tons, which accounted for X% of total imports. Poland (X tons) held the second position in the ranking, followed by Belarus (X tons) and the Czech Republic (X tons). All these countries together took approx. X% share of total imports. The following importers - Romania (X tons), Bulgaria (X tons) and Ukraine (X tons) - together made up X% of total imports.

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

In value terms, Russia ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with an X% share of total imports. It was followed by Belarus, with an X% share.

In Russia, vulcanised rubber thread imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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