Russian Federation: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in the Russian Federation

The Russian acrylic acid esters market rose notably to $X in 2022, with an increase of 7.5% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -4.5% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Acrylic Acid Esters Production in the Russian Federation

In value terms, acrylic acid esters production reached $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -3.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35% against the previous year. Acrylic acid esters production peaked at $X in 2020; afterwards, it flattened through to 2022.

Acrylic Acid Esters Exports

Exports from the Russian Federation

In 2022, overseas shipments of esters of acrylic acid decreased by -32.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 471%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, acrylic acid esters exports shrank rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 469% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Uzbekistan (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of acrylic acid esters exports from Russia, with a combined 48% share of total exports. Switzerland, the United States, Egypt, Slovenia, Mexico, Poland and Turkey lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +236.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Germany ($X) and the United States ($X) were the largest markets for acrylic acid esters exported from Russia worldwide, with a combined 46% share of total exports. The Netherlands, Switzerland, Slovenia, Egypt, Mexico, Poland and Turkey lagged somewhat behind, together accounting for a further 47%.

In terms of the main countries of destination, Switzerland, with a CAGR of +237.1%, 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 acrylic acid esters export price amounted to $X per ton, surging by 6.8% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Switzerland ($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 Mexico (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into the Russian Federation

In 2022, approx. X tons of esters of acrylic acid were imported into Russia; with a decrease of -21% compared with the previous year's figure. Overall, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, acrylic acid esters imports plummeted to $X in 2022. In general, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 189%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of acrylic acid esters to Russia, accounting for a 53% share of total imports. Moreover, acrylic acid esters imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.6% per year) and the Czech Republic (-8.7% per year).

In value terms, China ($X) constituted the largest supplier of esters of acrylic acid to Russia, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.8% per year) and Belgium (+13.0% per year).

Import Prices by Country

The average acrylic acid esters import price stood at $X per ton in 2022, waning by -14.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 75%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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