Russian Federation: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in the Russian Federation

In 2021, after two years of growth, there was decline in the Russian market for inorganic oxygen compounds of non-metals, when its value decreased by -2.6% to $X. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.8% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell modestly in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in the Russian Federation

In value terms, inorganic oxygen compounds of non-metals production fell to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53%. Inorganic oxygen compounds of non-metals production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from the Russian Federation

In 2021, the amount of inorganic oxygen compounds of non-metals exported from Russia surged to X tons, picking up by 57% against the year before. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 270% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, inorganic oxygen compounds of non-metals exports soared to $X in 2021. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 247% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Russia, accounting for a 73% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Poland exceeded the volume sent to the second major destination, Belarus (X tons), fivefold. Kazakhstan (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +534.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-1.6% per year) and Kazakhstan (+55.2% per year).

In value terms, Poland ($X) emerged as the key foreign market for inorganic oxygen compounds of non-metals exports from Russia, comprising 74% of total exports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total exports. It was followed by Kazakhstan, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +591.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-0.6% per year) and Kazakhstan (+56.3% per year).

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 47%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kazakhstan ($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 Poland (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into the Russian Federation

In 2021, supplies from abroad of inorganic oxygen compounds of non-metals increased by 76% to X tons, rising for the fourth consecutive year after four years of decline. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 488%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, inorganic oxygen compounds of non-metals imports rose significantly to $X in 2021. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 243% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Hungary (X tons), Belarus (X tons) and China (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Russia, together comprising 47% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +217.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Hungary ($X) and China ($X) constituted the largest inorganic oxygen compounds of non-metals suppliers to Russia, together accounting for 39% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +212.0%, saw the highest rates of growth with regard to the value of imports, 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 import price for inorganic oxygen compounds of non-metals amounted to $X per ton, falling by -36% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 92%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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