Russian Federation: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in the Russian Federation

The Russian industrial fatty alcohols market declined to $X in 2021, shrinking by -5.7% against the previous year. Overall, consumption recorded a drastic downturn. Industrial fatty alcohols consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Industrial Fatty Alcohols Production in the Russian Federation

In value terms, industrial fatty alcohols production contracted to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports from the Russian Federation

In 2021, industrial fatty alcohols exports from Russia surged to X tons, picking up by 68% against the previous year. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 138% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, industrial fatty alcohols exports soared to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for industrial fatty alcohols exports from Russia, with a 64% share of total exports. Moreover, industrial fatty alcohols exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), twofold. The third position in this ranking was held by Singapore (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +194.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+11.4% per year) and Singapore (0.0% per year).

In value terms, the largest markets for industrial fatty alcohols exported from Russia were Kazakhstan ($X), Belarus ($X) and Singapore ($X), with a combined 95% share of total exports.

Kazakhstan, with a CAGR of +254.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial fatty alcohols export price stood at $X per ton in 2021, with an increase of 35% against the previous year. In general, the export price, however, saw a pronounced contraction. The growth pace was the most rapid in 2020 an increase of 55% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the average price for exports to Kazakhstan ($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 Kazakhstan (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Fatty Alcohols Imports

Imports into the Russian Federation

For the third consecutive year, Russia recorded growth in supplies from abroad of industrial fatty alcohols, which increased by 13% to X tons in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.5% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, industrial fatty alcohols imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +80.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Indonesia (X tons) and Germany (X tons) were the main suppliers of industrial fatty alcohols imports to Russia, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +135.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial fatty alcohols suppliers to Russia were the Netherlands ($X), Indonesia ($X) and Germany ($X), with a combined 86% share of total imports.

The Netherlands, with a CAGR of +121.7%, saw the highest growth rate of the value of imports, in terms of 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 industrial fatty alcohols import price stood at $X per ton in 2021, rising by 40% against the previous year. In general, the import price, however, recorded a mild setback. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Malaysia ($X per ton), while the price for Germany ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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