Russian Federation: Alcohols Market 2021

Alcohols Market Size in the Russian Federation

In 2020, the Russian alcohols market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a slight downturn. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Alcohols Production in the Russian Federation

In value terms, alcohols production plummeted to $X in 2020 estimated in export prices. Over the period under review, production saw a perceptible reduction. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. Alcohols production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Alcohols Exports

Exports from the Russian Federation

In 2020, after four years of growth, there was significant decline in overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by -X% to X tons. In general, exports recorded a mild decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, alcohols exports declined sharply to $X in 2020. Overall, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for alcohols exports from Russia, accounting for a X% share of total exports. Moreover, alcohols exports to Poland exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was occupied by the U.S. (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Poland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

In value terms, Poland ($X) emerged as the key foreign market for alcohols exports from Russia, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Poland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Finland (-X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, dropping by -X% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Finland, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into the Russian Federation

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into Russia; reducing by -X% compared with the previous year's figure. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, alcohols imports contracted notably to $X in 2020. Overall, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest alcohols supplier to Russia, with a X% share of total imports. Moreover, alcohols imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The third position in this ranking was occupied by Brazil (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Brazil (+X% per year).

In value terms, China ($X) constituted the largest supplier of alcohols to Russia, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Ukraine (+X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a perceptible descent. The growth pace was the most rapid in 2017 an increase of X% year-to-year. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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