CIS: Alcohols Market 2021

Alcohols Market Size in CIS

In 2020, the CIS alcohols market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a slight setback. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Alcohols Production in CIS

In value terms, alcohols production declined to $X in 2020 estimated in export prices. Overall, production recorded a noticeable descent. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in CIS

Russia (X tons) remains the largest alcohols producing country in the CIS, accounting for X% of total volume. Moreover, alcohols production in Russia exceeded the figures recorded by the second-largest producer, Uzbekistan (X tons), more than tenfold. The third position in this ranking was occupied by Azerbaijan (X tons), with a X% share.

In Russia, alcohols production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Uzbekistan (+X% per year) and Azerbaijan (-X% per year).

Alcohols Exports

Exports in CIS

After four years of growth, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, alcohols exports reduced remarkably to $X in 2020. Overall, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Russia dominates alcohols exports structure, resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by Azerbaijan (X tons), mixing up a X% share of total exports.

Exports from Russia decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Azerbaijan (+X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +X% from 2007-2020. While the share of Azerbaijan (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Russia (-X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest alcohols supplier in the CIS, comprising X% of total exports. The second position in the ranking was occupied by Azerbaijan ($X), with a X% share of total exports.

In Russia, alcohols exports decreased by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the alcohols export price in the CIS amounted to $X per ton, falling by -X% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Over the period under review, export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Azerbaijan ($X per ton), while Russia amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia.

Alcohols Imports

Imports in CIS

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported in the CIS; falling by -X% on the year before. Total imports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, alcohols imports fell sharply to $X in 2020. Total imports indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons) and Belarus (X tons) were the key importers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in 2020, amounting to approx. X% and X% of total imports, respectively. Kazakhstan (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by Uzbekistan (X%). Azerbaijan (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by Uzbekistan and Azerbaijan, which together accounted for a further X the main importing countries, Uzbekistan recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the alcohols import price in the CIS amounted to $X per ton, approximately reflecting the previous year. Overall, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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