Russian Federation: Insulating Board Market 2024

Insulating Board Market Size in the Russian Federation

The Russian insulating board market dropped to $X in 2022, shrinking by -14.5% against the previous year. Overall, consumption recorded a noticeable descent. Insulating board consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Insulating Board Production in the Russian Federation

In value terms, insulating board production reduced to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Insulating Board Exports

Exports from the Russian Federation

After two years of growth, overseas shipments of insulating board decreased by -13.3% to X cubic meters in 2022. Over the period under review, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of 182%. The exports peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, insulating board exports reduced markedly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 128% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Israel (X cubic meters), Estonia (X cubic meters) and Slovakia (X cubic meters) were the main destinations of insulating board exports from Russia, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +5,874.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Estonia ($X) and Slovakia ($X) were the largest markets for insulating board exported from Russia worldwide, together comprising 96% of total exports.

In terms of the main countries of destination, Slovakia, with a CAGR of +3,108.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average insulating board export price amounted to $X per cubic meter, which is down by -12.6% against the previous year. In general, the export price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2021 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per cubic meter), while the average price for exports to Slovakia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Board Imports

Imports into the Russian Federation

In 2022, imports of insulating board into Russia dropped to X cubic meters, with a decrease of -11.8% compared with 2021 figures. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 79%. Imports peaked at X cubic meters in 2021, and then contracted in the following year.

In value terms, insulating board imports contracted rapidly to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +111.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 67% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Belarus (X cubic meters), Poland (X cubic meters) and Estonia (X cubic meters) were the main suppliers of insulating board imports to Russia, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +59.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest insulating board suppliers to Russia were Belarus ($X), Poland ($X) and Estonia ($X), together accounting for 85% of total imports.

Among the main suppliers, Belarus, with a CAGR of +68.4%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average insulating board import price amounted to $X per cubic meter, declining by -8.3% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per cubic meter), while the price for Poland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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