Russian Federation: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in the Russian Federation

The Russian azo- or azoxy-compounds market contracted to $X in 2022, with a decrease of -14.8% against the previous year. Overall, consumption saw a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Azo- Or Azoxy-Compounds Production in the Russian Federation

In value terms, azo- or azoxy-compounds production declined rapidly to $X in 2022 estimated in export price. In general, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by 47%. Azo- or azoxy-compounds production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from the Russian Federation

In 2022, shipments abroad of diazo-, azo- or azoxy-compounds decreased by -13.9% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 151% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports rose notably to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 130% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for azo- or azoxy-compounds exports from Russia, with a 88% share of total exports. Moreover, azo- or azoxy-compounds exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus stood at +28.4%.

In value terms, Belarus ($X) remains the key foreign market for diazo-, azo- or azoxy-compounds exports from Russia, comprising 73% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belarus stood at +18.0%.

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, rising by 23% against the previous year. In general, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price increased by 55%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-8.1%), while the prices for the other major destinations experienced a decline.

Azo- Or Azoxy-Compounds Imports

Imports into the Russian Federation

In 2022, purchases abroad of diazo-, azo- or azoxy-compounds decreased by -10.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, azo- or azoxy-compounds imports fell notably to $X in 2022. Overall, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of azo- or azoxy-compounds to Russia, accounting for a 78% share of total imports. Moreover, azo- or azoxy-compounds imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.9% per year) and Indonesia (-6.1% per year).

In value terms, China ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Russia, comprising 80% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+27.5% per year) and Indonesia (-6.5% per year).

Import Prices by Country

In 2022, the average azo- or azoxy-compounds import price amounted to $X per ton, with a decrease of -7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2016 an increase of 28%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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