Russian Federation: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in the Russian Federation

In 2021, the Russian market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a pronounced contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in the Russian Federation

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms expanded significantly to $X in 2021 estimated in export price. Over the period under review, production showed a mild reduction. The growth pace was the most rapid in 2016 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from the Russian Federation

After two years of growth, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by -10% to X tons in 2021. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 89% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2017 when exports increased by 63% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Russia, accounting for a 44% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to China 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 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-3.7% per year) and Belarus (+20.3% per year).

In value terms, China ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Russia, comprising 35% of total exports. The second position in the ranking was held by Ukraine ($X), with a 14% share of total exports. It was followed by Belarus, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-2.0% per year) and Belarus (+19.4% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, rising by 56% against the previous year. Overall, the export price, however, saw a mild decline. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Belarus ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into the Russian Federation

In 2021, imports of polyethylene with a specific gravity of less than X, in primary forms into Russia rose sharply to X tons, picking up by 6.5% compared with 2020. Overall, imports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 13% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, imports, however, showed a perceptible shrinkage. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belarus (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Russia, with a combined 65% share of total imports. Finland, the United States, the Netherlands, Azerbaijan, Saudi Arabia and Sweden lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Russia were Belarus ($X), South Korea ($X) and Germany ($X), together accounting for 60% of total imports. These countries were followed by Finland, the United States, the Netherlands, Saudi Arabia, Azerbaijan and Sweden, which together accounted for a further 29%.

In terms of the main suppliers, the United States, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 45% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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