CIS: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in CIS

The CIS polyphenols and phenol-alcohols market declined to $X in 2022, falling by -6.2% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Production in CIS

In value terms, polyphenols and phenol-alcohols production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a temperate expansion. The pace of growth was the most pronounced in 2019 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in CIS

In 2022, overseas shipments of polyphenols and phenol-alcohols increased by 427% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyphenols and phenol-alcohols exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, reaching X tons, which was near 90% of total exports in 2022. It was distantly followed by Russia (X tons), achieving a 9.5% share of total exports.

Kazakhstan was also the fastest-growing in terms of the polyphenols and phenol-alcohols exports, with a CAGR of +147.3% from 2012 to 2022. At the same time, Russia (+21.7%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan increased by +90 percentage points.

In value terms, Kazakhstan ($X) emerged as the largest polyphenols and phenol-alcohols supplier in the CIS, comprising 88% of total exports. The second position in the ranking was held by Russia ($X), with an 8.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at +113.8%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by 5.5% against the previous year. In general, the export price saw a modest increase. The pace of growth appeared the most rapid in 2019 an increase of 185%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-6.8%).

Polyphenols And Phenol-Alcohols Imports

Imports in CIS

In 2022, the amount of polyphenols and phenol-alcohols imported in the CIS declined to X tons, which is down by -7.8% on the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports shrank to $X in 2022. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was approx. 89% of total imports in 2022. The following importers - Belarus (X tons), Kazakhstan (X tons) and Armenia (X tons) - together made up 10% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of polyphenols and phenol-alcohols. At the same time, Armenia (+81.1%) and Kazakhstan (+45.5%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +81.1% from 2012-2022. By contrast, Belarus (-10.6%) illustrated a downward trend over the same period. Kazakhstan (+3.4 p.p.) and Armenia (+3 p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by -8.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in the CIS, comprising 85% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 10% share of total imports. It was followed by Belarus, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to +7.1%. In the other countries, the average annual rates were as follows: Kazakhstan (+49.0% per year) and Belarus (-8.8% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by 6% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 44%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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