Russian Federation: Biodiesel Market 2025

Biodiesel Market Size in the Russian Federation

The Russian biodiesel market soared to $X in 2021, growing by 369% against the previous year. Over the period under review, consumption posted a significant increase. Biodiesel consumption peaked in 2021 and is expected to retain growth in the immediate term.

Biodiesel Production in the Russian Federation

In value terms, biodiesel production amounted to $X in 2021 estimated in export price. In general, production recorded a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 30% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Biodiesel Exports

Exports from the Russian Federation

In 2021, approx. X tons of biodiesel were exported from Russia; increasing by 62% against the year before. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 1,844%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, biodiesel exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 1,909%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) and Bangladesh (X tons) were the main destinations of biodiesel exports from Russia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +10.6%).

In value terms, Bangladesh ($X) and Belarus ($X) constituted the largest markets for biodiesel exported from Russia worldwide.

Among the main countries of destination, Belarus, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average biodiesel export price stood at $X per ton in 2021, rising by 42% against the previous year. Over the period under review, the export price posted a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 112%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-2.8%), while the prices for the other major destinations experienced a decline.

Biodiesel Imports

Imports into the Russian Federation

In 2021, purchases abroad of biodiesel decreased by -44% to X tons, falling for the second year in a row after six years of growth. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 348%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, biodiesel imports reduced to $X in 2021. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 385% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest biodiesel supplier to Russia, with a 82% share of total imports. Moreover, biodiesel imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+133.6% per year) and Belarus (-5.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of biodiesel to Russia, comprising 77% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+107.3% per year) and Belarus (-25.9% per year).

Import Prices by Country

The average biodiesel import price stood at $X per ton in 2021, picking up by 59% against the previous year. Over the period under review, the import price, however, recorded a noticeable slump. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :