CIS: Resinoids Market 2022

Resinoids Market Size in CIS

In 2021, the CIS resinoids market was finally on the rise to reach $X after six years of decline. In general, consumption showed a perceptible increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Resinoids Production in CIS

In value terms, resinoids production surged to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 75%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Resinoids Exports

Exports in CIS

In 2021, overseas shipments of resinoids increased by 133% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded measured growth. The growth pace was the most rapid in 2019 with an increase of 397% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, resinoids exports soared to $X in 2021. In general, exports recorded noticeable growth. The pace of growth was the most pronounced in 2019 with an increase of 430% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was near 90% of total exports in 2021. It was distantly followed by Belarus (X kg), constituting a 6.7% share of total exports. Moldova (X kg) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the resinoids exports, with a CAGR of +4.6% from 2012 to 2021. Belarus and Moldova experienced a relatively flat trend pattern. Moldova (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest resinoids supplier in the CIS, comprising 81% of total exports. The second position in the ranking was taken by Moldova ($X), with a 17% share of total exports.

In Russia, resinoids exports expanded at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Moldova (+277.7% per year) and Belarus (-6.2% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, with a decrease of -26% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 74% against the previous year. The level of export peaked at $X per ton in 2020, and then reduced notably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Moldova ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.0%).

Resinoids Imports

Imports in CIS

In 2021, approx. X tons of resinoids were imported in the CIS; with an increase of 120% compared with the previous year's figure. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 197%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, resinoids imports skyrocketed to $X in 2021. In general, imports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 113% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan (X tons) and Belarus (X tons) prevails in imports structure, together creating 71% of total imports. Russia (X kg) took the next position in the ranking, followed by Moldova (X kg), Uzbekistan (X kg) and Kyrgyzstan (X kg). All these countries together held near 26% share of total imports. Azerbaijan (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Moldova (with a CAGR of +48.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 76% share of total imports. These countries were followed by Moldova, Uzbekistan, Kyrgyzstan and Azerbaijan, which together accounted for a further 23%.

Moldova, with a CAGR of +50.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with a decrease of -14.1% against the previous year. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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