Russian Federation: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in the Russian Federation

The Russian industrial monocarboxylic fatty acids market contracted to $X in 2021, with a decrease of -14.7% against the previous year. Over the period under review, consumption continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Monocarboxylic Fatty Acids in the Russian Federation

In value terms, industrial monocarboxylic fatty acids production declined significantly to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 57%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from the Russian Federation

In 2021, approx. X tons of industrial monocarboxylic fatty acids were exported from Russia; falling by -35.8% compared with 2020 figures. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then declined sharply in the following year.

In value terms, industrial monocarboxylic fatty acids exports shrank to $X in 2021. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 154% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Israel (X tons), Poland (X tons) and the Netherlands (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Russia, with a combined 70% share of total exports. Turkey, Denmark, Belarus, Spain and the UK lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +53.0%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the Netherlands ($X) and Turkey ($X) appeared to be the largest markets for industrial monocarboxylic fatty acids exported from Russia worldwide, together comprising 69% of total exports. Poland, Denmark, Belarus, Spain and the UK lagged somewhat behind, together accounting for a further 26%.

Spain, with a CAGR of +62.6%, saw the highest growth rate of the value of exports, in terms of 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 monocarboxylic fatty acids export price stood at $X per ton in 2021, picking up by 36% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +115.6% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 59%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to the UK ($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 Spain (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into the Russian Federation

In 2021, after two years of growth, there was significant decline in supplies from abroad of industrial monocarboxylic fatty acids, when their volume decreased by -14.1% to X tons. Over the period under review, imports, however, continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2016 with an increase of 66%. Over the period under review, imports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 73%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to Russia, accounting for a 46% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Sweden (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.8% per year) and Sweden (+33.7% per year).

In value terms, India ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Russia, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 9.8% share of total imports. It was followed by Sweden, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+19.3% per year) and Sweden (+30.8% per year).

Import Prices by Country

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, surging by 47% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price increased by +67.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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