CIS: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in CIS

The CIS polycarboxylic acid market fell to $X in 2022, shrinking by -2.6% against the previous year. Over the period under review, consumption, however, recorded a mild descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Production in CIS

In value terms, polycarboxylic acid production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 9.5% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports in CIS

In 2022, after five years of growth, there was significant decline in shipments abroad of polycarboxylic acids, when their volume decreased by -12.2% to X tons. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, polycarboxylic acid exports fell notably to $X in 2022. Overall, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

In 2022, Russia (X tons) was the main exporter of polycarboxylic acids, generating 69% of total exports. It was distantly followed by Belarus (X tons), constituting a 30% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polycarboxylic acid exports from Russia stood at +5.2%. At the same time, Belarus (+7.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +7.7% from 2012-2022. From 2012 to 2022, the share of Belarus increased by +4.5 percentage points.

In value terms, Russia ($X) remains the largest polycarboxylic acid supplier in the CIS, comprising 72% of total exports. The second position in the ranking was held by Belarus ($X), with a 27% share of total exports.

In Russia, polycarboxylic acid exports expanded at an average annual rate of +2.5% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, falling by -13.4% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 (-2.6%).

Polycarboxylic Acid Imports

Imports in CIS

In 2022, approx. X tons of polycarboxylic acids were imported in the CIS; leveling off at the previous year's figure. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.9% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polycarboxylic acid imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Russia represented the major importer of polycarboxylic acids in the CIS, with the volume of imports reaching X tons, which was approx. 84% of total imports in 2022. It was distantly followed by Belarus (X tons), making up a 12% share of total imports. Uzbekistan (X tons) held a relatively small share of total imports.

Imports into Russia increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, Uzbekistan (+14.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +14.3% from 2012-2022. Belarus experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan and Russia increased by +3.2 and +2.7 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported polycarboxylic acids in the CIS, comprising 78% of total imports. The second position in the ranking was held by Belarus ($X), with a 13% share of total imports.

In Russia, polycarboxylic acid imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (-1.9% per year) and Uzbekistan (+19.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, dropping by -11.4% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 an increase of 40% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Russia ($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 (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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