Updated Oct 18, 2022 02:09

Non-Reinforced Rubber Tubing Market in Russia

Market Overview
The Russian non-reinforced rubber tubing market declined to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a mild decrease. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market failed to regain momentum.

In value terms, non-reinforced rubber tubing production fell to $ in estimated in export price. In general, production recorded a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of %. Over the period under review, production attained the peak level at $ in 2008; however, from 2009 to , production remained at a lower figure.


Consumption
Non-reinforced rubber tubing consumption in Russia declined modestly to tons in , waning by -% against the year before. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption attained the maximum volume at tons in 2009; however, from 2010 to , consumption failed to regain momentum.

The revenue of the non-reinforced rubber tubing market in Russia dropped modestly to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a slight decrease. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market failed to regain momentum.


Market Forecast
The non-reinforced rubber tubing market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total non-reinforced rubber tubing consumption in Russia was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Russia non-reinforced rubber tubing market is largely supplied by domestic manufacturers. The growth in the share of Russia imports of in the non-reinforced rubber tubing market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Russia remains a net exporter of non-reinforced rubber tubing; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.