Eastern Europe: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Eastern Europe

The East European market for isoprene rubber (IR) in primary forms shrank notably to $X in 2023, declining by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable reduction. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Production of Isoprene Rubber (IR) in Primary Forms in Eastern Europe

In value terms, production of isoprene rubber (IR) in primary forms shrank modestly to $X in 2023 estimated in export price. Overall, production, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Eastern Europe

In 2023, exports of isoprene rubber (IR) in primary forms in Eastern Europe was estimated at X tons, with an increase of X% against the previous year. Overall, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms reached $X in 2023. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia prevails in forms structure, reaching X tons, which was near X% of total exports in 2023. Poland (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Lithuania (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Poland (X%) illustrated a downward trend over the same period. Lithuania (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Russia ($X) remains the largest isoprene rubber (IR) in primary form supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced a decline in the export price figures.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Eastern Europe

Imports of isoprene rubber (IR) in primary forms dropped dramatically to X tons in 2023, shrinking by X% on the previous year. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms shrank significantly to $X in 2023. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Belarus (X tons), Poland (X tons) and Romania (X tons) represented roughly X% of total imports in 2023. Lithuania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%). The following importers - Russia (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lithuania (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 importing markets in Eastern Europe were Poland ($X), Belarus ($X) and Romania ($X), together accounting for X% of total imports. Lithuania, Hungary, Russia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform