Russian Federation: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in the Russian Federation

The Russian market for compounds with other nitrogen function (excluding isocyanates) reduced to $X in 2022, declining by -7.1% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in the Russian Federation

In value terms, compounds with other nitrogen function production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -17.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 64% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from the Russian Federation

In 2022, overseas shipments of compounds with other nitrogen function (excluding isocyanates) decreased by -17.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 113%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, compounds with other nitrogen function exports fell significantly to $X in 2022. In general, exports, however, posted a mild increase. The pace of growth appeared the most rapid in 2021 when exports increased by 102% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Belarus (X tons), South Korea (X tons) and Germany (X tons) were the main destinations of compounds with other nitrogen function exports from Russia, with a combined 93% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +30.7%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Germany ($X) appeared to be the largest markets for compounds with other nitrogen function exported from Russia worldwide, with a combined 90% share of total exports. These countries were followed by Belarus, which accounted for a further 6.7%.

In terms of the main countries of destination, Belarus, with a CAGR of +27.3%, saw 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 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, shrinking by -9.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 124%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into the Russian Federation

In 2022, supplies from abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -6.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, compounds with other nitrogen function imports dropped dramatically to $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 49% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of compounds with other nitrogen function to Russia, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.5%.

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Russia.

From 2012 to 2022, the average annual growth rate of value from China stood at +11.3%.

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, dropping by -9.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2015 an increase of 15%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.7% per year.

Source: IndexBox Platform

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