Russian Federation: Fluoropolymers Market 2025

Fluoropolymers Market Size in the Russian Federation

The Russian fluoropolymers market totaled $X in 2021, growing by 6.3% against the previous year. Over the period under review, consumption, however, recorded a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fluoropolymers Production in the Russian Federation

In value terms, fluoropolymers production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a sharp decrease. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fluoropolymers Exports

Exports from the Russian Federation

In 2021, approx. X tons of fluoropolymers were exported from Russia; picking up by 2.5% against 2020 figures. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 +40.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 44% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2017 with an increase of 71%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for fluoropolymers exports from Russia, accounting for a 54% share of total exports. Moreover, fluoropolymers exports to Italy exceeded the volume sent to the second major destination, the United States (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.9% per year) and South Korea (-7.3% per year).

In value terms, Italy ($X) remains the key foreign market for fluoropolymers exports from Russia, comprising 49% of total exports. The second position in the ranking was taken by the United States ($X), with a 23% share of total exports. It was followed by South Korea, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.0% per year) and South Korea (-10.1% per year).

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, growing by 44% against the previous year. Overall, the export price, however, continues to indicate a mild descent. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the average price for exports to China ($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 Italy (-0.1%), while the prices for the other major destinations experienced a decline.

Fluoropolymers Imports

Imports into the Russian Federation

In 2021, purchases abroad of fluoropolymers decreased by -9.8% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 93%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, fluoropolymers imports stood at $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.0% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of fluoropolymers imports to Russia, with a combined 64% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +125.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) appeared to be the largest fluoropolymers suppliers to Russia, together accounting for 54% of total imports. The United States, the Netherlands, Turkey, Japan and India lagged somewhat behind, together accounting for a further 35%.

Turkey, with a CAGR of +113.8%, recorded the highest rates of growth with regard to 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

In 2021, the average fluoropolymers import price amounted to $X per ton, rising by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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