CIS: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in CIS

The CIS azo- or azoxy-compounds market shrank to $X in 2022, declining by -10.7% against the previous year. Over the period under review, consumption saw a noticeable descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Azo- Or Azoxy-Compounds Production in CIS

In value terms, azo- or azoxy-compounds production reduced to $X in 2022 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Azo- Or Azoxy-Compounds Exports

Exports in CIS

In 2022, shipments abroad of diazo-, azo- or azoxy-compounds decreased by -12% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 142%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, azo- or azoxy-compounds exports stood at $X in 2022. Overall, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 142% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, accounting for X tons, which was near 95% of total exports in 2022. It was distantly followed by Belarus (X tons), constituting a 4.6% share of total exports.

Exports from Russia increased at an average annual rate of +28.3% from 2012 to 2022. At the same time, Belarus (+38.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +38.2% from 2012-2022. From 2012 to 2022, the share of Belarus increased by +2.3 percentage points.

In value terms, Russia ($X) remains the largest azo- or azoxy-compounds supplier in the CIS, comprising 98% of total exports. The second position in the ranking was held by Belarus ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +18.9%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, growing by 20% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2013 an increase of 40%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-7.4%).

Azo- Or Azoxy-Compounds Imports

Imports in CIS

In 2022, after five years of growth, there was significant decline in supplies from abroad of diazo-, azo- or azoxy-compounds, when their volume decreased by -6.8% to X tons. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, azo- or azoxy-compounds imports declined to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Russia prevails in imports structure, finishing at X tons, which was approx. 91% of total imports in 2022. The following importers - Uzbekistan (X tons), Belarus (X tons) and Kazakhstan (X tons) - together made up 8.5% of total imports.

Imports into Russia increased at an average annual rate of +6.0% from 2012 to 2022. At the same time, Kazakhstan (+43.9%), Uzbekistan (+28.8%) and Belarus (+6.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +43.9% from 2012-2022. Uzbekistan (+3.9 p.p.) and Kazakhstan (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -5.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported diazo-, azo- or azoxy-compounds in the CIS, comprising 87% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.5% share of total imports. It was followed by Uzbekistan, with a 4.7% share.

In Russia, azo- or azoxy-compounds imports expanded at an average annual rate of +8.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+5.7% per year) and Uzbekistan (+63.0% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by -4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2016 an increase of 27% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

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 Uzbekistan (+26.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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