Russian Federation: Ethylene Market 2025

Ethylene Market Size in the Russian Federation

The Russian ethylene market shrank to $X in 2021, declining by -8.6% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Ethylene Production in the Russian Federation

In value terms, ethylene production fell slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 21%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Ethylene Exports

Exports from the Russian Federation

In 2021, the amount of ethylene exported from Russia fell rapidly to X kg, shrinking by -16.8% on 2020. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2013 with an increase of 188% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, ethylene exports rose markedly to $X in 2021. Over the period under review, exports showed a abrupt curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X kg) was the main destination for ethylene exports from Russia, with a 93% share of total exports. Moreover, ethylene exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus stood at -18.1%.

In value terms, Belarus ($X) remains the key foreign market for ethylene exports from Russia, comprising 96% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus stood at +21.3%.

Export Prices by Country

In 2021, the average ethylene export price amounted to $X per ton, increasing by 30% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 1,821%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

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 Kazakhstan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Imports

Imports into the Russian Federation

Ethylene imports into Russia contracted dramatically to X tons in 2021, shrinking by -44.5% against the year before. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 256% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ethylene imports declined markedly to $X in 2021. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 343%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest ethylene supplier to Russia, accounting for a 74% share of total imports. Moreover, ethylene imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +20.9%.

In value terms, the Czech Republic ($X) constituted the largest supplier of ethylene to Russia, comprising 72% of total imports. The second position in the ranking was taken by Belarus ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +15.9%.

Import Prices by Country

The average ethylene import price stood at $X per ton in 2021, rising by 3.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for the Czech Republic totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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