Russian Federation: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the Russian Federation

In 2021, after three years of decline, there was significant growth in the Russian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate), when its value increased by 19% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the Russian Federation

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 25%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from the Russian Federation

Exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Russia soared to X tons in 2021, increasing by 31% compared with 2020. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 91% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 83%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Russia, accounting for a 55% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), fourfold. Uzbekistan (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan stood at +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+28.2% per year) and Uzbekistan (+80.6% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Russia, comprising 52% of total exports. The second position in the ranking was held by Belarus ($X), with a 19% share of total exports. It was followed by Uzbekistan, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+27.8% per year) and Uzbekistan (+64.3% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, jumping by 22% against the previous year. In general, the export price, however, showed a abrupt curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into the Russian Federation

In 2021, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Russia totaled X tons, increasing by 6.6% on the year before. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 10%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), South Korea (X tons) and Belgium (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Russia, with a combined 45% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Russia were Germany ($X), France ($X) and China ($X), together accounting for 44% of total imports. South Korea, Belgium, the UK, the Netherlands, Japan, Turkey, Finland, the United States, Italy and Sweden lagged somewhat behind, together comprising a further 49%.

South Korea, with a CAGR of +11.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform