Russian Federation: Plaster Article Market 2024

Plaster Article Market Size in the Russian Federation

The Russian plaster article market expanded to $X in 2021, with an increase of 3.1% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Plaster Article Production in the Russian Federation

In value terms, plaster article production totaled $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 48%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Plaster Article Exports

Exports from the Russian Federation

In 2021, shipments abroad of articles of plaster or of compositions based on plaster increased by 8.5% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 83%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, plaster article exports surged to $X in 2021. Overall, exports showed strong growth. The growth pace was the most rapid in 2013 with an increase of 49%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for plaster article exports from Russia, accounting for a 40% share of total exports. Moreover, plaster article exports to Kazakhstan exceeded the volume sent to the second major destination, Mongolia (X tons), twofold. The third position in this ranking was taken by Belarus (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (+15.1% per year) and Belarus (+1.2% per year).

In value terms, Kazakhstan ($X), Mongolia ($X) and Belarus ($X) constituted the largest markets for plaster article exported from Russia worldwide, together accounting for 74% of total exports. These countries were followed by Ukraine, Azerbaijan, Latvia and Lithuania, which together accounted for a further 19%.

In terms of the main countries of destination, Lithuania, with a CAGR of +231.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, picking up by 6.3% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of 32%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mongolia ($X per ton), while the average price for exports to Latvia ($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 Belarus (-0.6%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into the Russian Federation

In 2021, supplies from abroad of articles of plaster or of compositions based on plaster increased by 11% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, plaster article imports expanded modestly to $X in 2021. In general, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 62% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Belarus (X tons) and Germany (X tons) were the main suppliers of plaster article imports to Russia, with a combined 77% share of total imports. These countries were followed by Poland, the United States, Belgium, Ukraine, Finland, South Korea and Latvia, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +34.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest plaster article suppliers to Russia were China ($X), Germany ($X) and Belarus ($X), with a combined 72% share of total imports. These countries were followed by Belgium, Poland, the United States, Ukraine, South Korea, Finland and Latvia, which together accounted for a further 19%.

Among the main suppliers, the United States, with a CAGR of +30.4%, recorded the highest growth rate of the value of imports, 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 plaster article import price amounted to $X per ton, reducing by -5.9% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 57%. The import price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Latvia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+55.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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