CIS: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in CIS

The CIS industrial monocarboxylic fatty acids market contracted to $X in 2021, reducing by -12.2% against the previous year. Over the period under review, consumption saw a slight reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in CIS

In value terms, industrial monocarboxylic fatty acids production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 42%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in CIS

In 2021, the amount of industrial monocarboxylic fatty acids exported in the CIS shrank significantly to X tons, with a decrease of -32.7% against the previous year. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 61% against the previous year. The volume of export peaked at X tons in 2020, and then plummeted in the following year.

In value terms, industrial monocarboxylic fatty acids exports shrank to $X in 2021. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 150%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was near 90% of total exports in 2021. It was distantly followed by Belarus (X tons), making up a 5.8% share of total exports. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the industrial monocarboxylic fatty acids exports, with a CAGR of +9.0% from 2012 to 2021. Belarus (-3.1%) and Kazakhstan (-3.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +13 percentage points.

In value terms, Russia ($X) remains the largest industrial monocarboxylic fatty acids supplier in the CIS, comprising 93% of total exports. The second position in the ranking was held by Belarus ($X), with a 5.4% share of total exports.

In Russia, industrial monocarboxylic fatty acids exports increased at an average annual rate of +11.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-0.7% per year) and Kazakhstan (-4.1% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 34% against the previous year. Export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +108.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 56%. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in CIS

In 2021, overseas purchases of industrial monocarboxylic fatty acids decreased by -15.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 78%. The volume of import peaked at X tons in 2020, and then fell significantly in the following year.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Russia was the largest importer of industrial monocarboxylic fatty acids in the CIS, with the volume of imports recording X tons, which was near 64% of total imports in 2021. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Belarus (X tons) and Azerbaijan (X tons). All these countries together held near 31% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Azerbaijan (+73.1%) and Belarus (+21.5%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +73.1% from 2012-2021. By contrast, Uzbekistan (-8.8%) and Kazakhstan (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan, Azerbaijan and Belarus increased by +18, +5.5 and +5.1 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in the CIS, comprising 82% of total imports. The second position in the ranking was taken by Belarus ($X), with an 8.4% share of total imports. It was followed by Uzbekistan, with a 6% share.

In Russia, industrial monocarboxylic fatty acids imports expanded at an average annual rate of +11.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+15.9% per year) and Uzbekistan (-2.3% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, surging by 38% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price increased by +77.8% against 2019 indices. Over the period under review, import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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