Russian Federation: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in the Russian Federation

The Russian expansible polystyrene market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a abrupt curtailment. Expansible polystyrene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Expansible Polystyrene Production in the Russian Federation

In value terms, expansible polystyrene production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. Expansible polystyrene production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Expansible Polystyrene Exports

Exports from the Russian Federation

In 2021, shipments abroad of expansible polystyrene in primary forms increased by 4.5% to X tons, rising for the sixth consecutive year after two years of decline. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.0% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, expansible polystyrene exports soared to $X in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X tons), Belarus (X tons) and Kazakhstan (X tons) were the main destinations of expansible polystyrene exports from Russia, with a combined 63% share of total exports. These countries were followed by Poland, Serbia, Moldova and Slovakia, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +661.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expansible polystyrene exported from Russia were Belarus ($X), Ukraine ($X) and Kazakhstan ($X), together comprising 66% of total exports. These countries were followed by Poland, Serbia, Moldova and Slovakia, which together accounted for a further 21%.

In terms of the main countries of destination, Poland, with a CAGR of +607.1%, saw the highest growth rate of 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

The average expansible polystyrene export price stood at $X per ton in 2021, with an increase of 67% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Slovakia ($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 Slovakia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into the Russian Federation

In 2021, after three years of growth, there was decline in purchases abroad of expansible polystyrene in primary forms, when their volume decreased by -0.5% to X tons. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 42%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, expansible polystyrene imports surged to $X in 2021. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Finland (X tons), China (X tons) and Turkey (X tons) were the main suppliers of expansible polystyrene imports to Russia, together comprising 71% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +70.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest expansible polystyrene suppliers to Russia were Finland ($X), China ($X) and Turkey ($X), with a combined 73% share of total imports. South Korea, Taiwan (Chinese), the Netherlands, Greece and Germany lagged somewhat behind, together comprising a further 22%.

Greece, with a CAGR of +74.1%, saw the highest growth rate of the value of imports, among 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 expansible polystyrene import price stood at $X per ton in 2021, rising by 66% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Turkey ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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