Russian Federation: Ether Market 2024

Ether Market Size in the Russian Federation

The Russian ether market shrank to $X in 2022, waning by -4.4% against the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ether Production in the Russian Federation

In value terms, ether production declined to $X in 2022 estimated in export price. Overall, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Ether production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Ether Exports

Exports from the Russian Federation

In 2022, shipments abroad of ethers increased by 78% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a slight increase. The most prominent rate of growth was recorded in 2017 when exports increased by 160%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ether exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 178%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for ether exports from Russia, accounting for a 61% share of total exports. Moreover, ether exports to the Netherlands exceeded the volume sent to the second major destination, Ukraine (X tons), fourfold. Belarus (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+1.1% per year) and Belarus (-0.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ethers exports from Russia, comprising 56% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 17% share of total exports. It was followed by Belarus, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-6.3% per year) and Belarus (-7.7% per year).

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, dropping by -28.5% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 65% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Finland (+0.4%), while the prices for the other major destinations experienced a decline.

Ether Imports

Imports into the Russian Federation

In 2022, ether imports into Russia was estimated at X tons, remaining constant against the previous year. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 16%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ether imports reduced markedly to $X in 2022. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 52%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest ether supplier to Russia, with a 68% share of total imports. Moreover, ether imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Germany (X tons), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +68.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.2% per year) and Germany (-16.4% per year).

In value terms, the largest ether suppliers to Russia were South Korea ($X), China ($X) and Germany ($X), together accounting for 69% of total imports.

South Korea, with a CAGR of +63.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, falling by -18% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ether import price increased by +7.9% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($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 Netherlands (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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