Report Update Nov 1, 2024

CIS - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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CIS: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in CIS

The CIS industrial stearic acid market was finally on the rise to reach $X in 2021, after eight years of decline. Overall, consumption, however, recorded a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Industrial Stearic Acid Production in CIS

In value terms, industrial stearic acid production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 3%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Industrial Stearic Acid Exports

Exports in CIS

For the third consecutive year, the CIS recorded growth in shipments abroad of industrial stearic acid, which increased by 98% to X tons in 2021. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 400% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, industrial stearic acid exports surged to $X in 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 263% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of industrial stearic acid, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the industrial stearic acid exports, with a CAGR of +61.7% from 2012 to 2021. From 2012 to 2021, the share of Russia increased by +65 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest industrial stearic acid supplier in the CIS.

In Russia, industrial stearic acid exports expanded at an average annual rate of +55.4% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, picking up by 48% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -3.9% per year.

Industrial Stearic Acid Imports

Imports in CIS

In 2021, imports of industrial stearic acid in the CIS soared to X tons, jumping by 29% on the previous year. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, industrial stearic acid imports soared to $X in 2021. Over the period under review, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was approx. 89% of total imports in 2021. It was distantly followed by Belarus (X tons), achieving a 7.2% share of total imports. Uzbekistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial stearic acid imports into Russia stood at +11.2%. At the same time, Uzbekistan (+13.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +13.6% from 2012-2021. By contrast, Belarus (-1.9%) illustrated a downward trend over the same period. Russia (+9 p.p.) and Uzbekistan (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by -12.7% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported industrial stearic acid in the CIS, comprising 88% of total imports. The second position in the ranking was held by Belarus ($X), with a 7.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +11.5%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-0.8% per year) and Uzbekistan (+21.3% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 49% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belarus ($X per ton), while Russia ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the CIS?

Russia constituted the country with the largest volume of industrial stearic acid consumption, comprising approx. 88% of total volume. Moreover, industrial stearic acid consumption in Russia exceeded the figures recorded by the second-largest consumer, Belarus, more than tenfold.

What are the largest producers of industrial stearic acid in the CIS?

Russia remains the largest industrial stearic acid producing country in the CIS, comprising approx. 100% of total volume.

What are the leading suppliers of industrial stearic acid in the CIS?

In value terms, Russia remains the largest industrial stearic acid supplier in the CIS.

What are the leading importers of industrial stearic acid in the CIS?

In value terms, Russia constitutes the largest market for imported industrial stearic acid in the CIS, comprising 84% of total imports. The second position in the ranking was occupied by Belarus, with an 8.1% share of total imports. It was followed by Uzbekistan, with a 4.8% share.

What is the average export price for industrial stearic acid in the CIS?

The industrial stearic acid export price in the CIS stood at $1,182 per ton in 2020, shrinking by -6.4% against the previous year.

What is the average import price for industrial stearic acid in the CIS?

In 2020, the industrial stearic acid import price in the CIS amounted to $937 per ton, growing by 6.5% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in CIS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Armenia
Azerbaijan
Belarus
Kazakhstan
Kyrgyzstan
Moldova
Russia
Tajikistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in CIS, split by region and country
Trade (exports and imports) in CIS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Armenia
- Azerbaijan
- Belarus
- Kazakhstan
- Kyrgyzstan
- Moldova
- Russia
- Tajikistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023