Report Update Nov 1, 2024

Russian Federation - Acrylonitrile - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Acrylonitrile Market 2024

Acrylonitrile Market Size in the Russian Federation

In 2021, the Russian acrylonitrile market decreased by -47.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a abrupt shrinkage. Acrylonitrile consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Acrylonitrile Production in the Russian Federation

In value terms, acrylonitrile production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced descent. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Acrylonitrile Exports

Exports from the Russian Federation

In 2021, shipments abroad of acrylonitrile increased by 72% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate notable growth. The growth pace was the most rapid in 2017 with an increase of 134%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, acrylonitrile exports surged to $X in 2021. Over the period under review, exports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2017 with an increase of 142%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for acrylonitrile exports from Russia, with a 98% share of total exports. It was followed by Hungary (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +24.6%.

In value terms, Turkey ($X) remains the key foreign market for acrylonitrile exports from Russia, comprising 98% of total exports. The second position in the ranking was held by Hungary ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +23.2%.

Export Prices by Country

In 2021, the average acrylonitrile export price amounted to $X per ton, increasing by 11% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Acrylonitrile Imports

Imports into the Russian Federation

In 2021, purchases abroad of acrylonitrile increased by 62% to X tons, rising for the second consecutive year after four years of decline. Overall, imports posted tangible growth. The growth pace was the most rapid in 2020 when imports increased by 208% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, acrylonitrile imports soared to $X in 2021. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 371%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belarus (X tons) was the main supplier of acrylonitrile to Russia, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus stood at +10.4%.

In value terms, Belarus ($X) constituted the largest supplier of acrylonitrile to Russia.

From 2012 to 2021, the average annual rate of growth in terms of value from Belarus totaled +15.6%.

Import Prices by Country

In 2021, the average acrylonitrile import price amounted to $X per ton, growing by 35% against the previous year. Overall, the import price saw notable growth. The most prominent rate of growth was recorded in 2020 an increase of 53%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Belarus.

From 2012 to 2021, the rate of growth in terms of prices for Belarus amounted to +4.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylonitrile in the world?

The countries with the highest volumes of acrylonitrile consumption in 2020 were the United States, Turkey and the UK, together comprising 39% of global consumption. China, the Netherlands, Japan, Malaysia, India, Taiwan Chinese), France, Mexico, the United Arab Emirates and Belgium lagged somewhat behind, together comprising a further 50%.

What are the largest producers of acrylonitrile in the world?

The United States constituted the country with the largest volume of acrylonitrile production, accounting for 43% of total volume. Moreover, acrylonitrile production in the United States exceeded the figures recorded by the second-largest producer, Japan, fourfold. The UK ranked third in terms of total production with a 10% share.

What are the leading suppliers of acrylonitrile to the Russian Federation?

In value terms, Belarus constituted the largest supplier of acrylonitrile to Russia.

What are the leading importers of acrylonitrile from the Russian Federation?

In value terms, Turkey remains the key foreign market for acrylonitrile exports from Russia, comprising 98% of total exports. The second position in the ranking was occupied by Hungary, with a 2.4% share of total exports.

What is the average export price for acrylonitrile in the Russian Federation?

In 2020, the average acrylonitrile export price amounted to $734 per ton, with a decrease of -53.3% against the previous year.

What is the average import price for acrylonitrile in the Russian Federation?

The average acrylonitrile import price stood at $2,425 per ton in 2020, picking up by 11% against the previous year.

This report provides an in-depth analysis of the acrylonitrile market in the Russian Federation. 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 20144350 - Acrylonitrile

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023