Russian Federation: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in the Russian Federation

In 2022, after seven years of growth, there was significant decline in the Russian heterocyclic compound market, when its value decreased by X% to $X. In general, consumption showed prominent growth. Heterocyclic compound consumption peaked at $X in 2021, and then dropped in the following year.

Heterocyclic Compound Exports

Exports from the Russian Federation

In 2022, exports of heterocyclic compounds from Russia reduced dramatically to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, heterocyclic compound exports contracted rapidly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Belarus (X tons) was the main destination for heterocyclic compound exports from Russia, accounting for a X% share of total exports. Moreover, heterocyclic compound exports to Belarus exceeded the volume sent to the second major destination, Turkey (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Ukraine (X% per year).

In value terms, the largest markets for heterocyclic compound exported from Russia were Ukraine ($X), Turkey ($X) and Belarus ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average heterocyclic compound export price amounted to $X per ton, waning by X% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2021 when the average export price increased by X%. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Belarus ($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 Ukraine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Heterocyclic Compound Imports

Imports into the Russian Federation

In 2022, after two years of decline, there was significant growth in overseas purchases of heterocyclic compounds, when their volume increased by X% to X tons. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2022.

In value terms, heterocyclic compound imports reduced rapidly to $X in 2022. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of heterocyclic compound to Russia, with a X% share of total imports. Moreover, heterocyclic compound imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of heterocyclic compounds to Russia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average heterocyclic compound import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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