Russian Federation: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in the Russian Federation

The Russian aromatic hydrocarbon mixtures market reduced to $X in 2022, which is down by -6.1% against the previous year. Overall, consumption showed a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aromatic Hydrocarbon Mixtures Production in the Russian Federation

In value terms, aromatic hydrocarbon mixtures production dropped to $X in 2022 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 26% against the previous year. Aromatic hydrocarbon mixtures production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from the Russian Federation

For the third consecutive year, Russia recorded decline in shipments abroad of naphthalene and other aromatic hydrocarbon mixtures, which decreased by -6.1% to X tons in 2022. Over the period under review, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2015 with an increase of 86%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures exports shrank to $X in 2022. In general, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2014 with an increase of 65% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons), Belgium (X tons) and Kazakhstan (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Russia.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +361.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aromatic hydrocarbon mixtures exported from Russia were Denmark ($X), Belgium ($X) and Kazakhstan ($X).

Belgium, with a CAGR of +358.1%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, with a decrease of -3.2% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 29%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belgium ($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 Kazakhstan (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Hydrocarbon Mixtures Imports

Imports into the Russian Federation

Aromatic hydrocarbon mixtures imports into Russia surged to X tons in 2022, with an increase of 32% on the previous year. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 215%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports reached $X in 2022. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 114%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Ukraine (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Russia, with a combined 71% share of total imports. Belgium, Belarus, Denmark and the United States lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +2,990.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ukraine ($X) and the Netherlands ($X) were the largest aromatic hydrocarbon mixtures suppliers to Russia, together comprising 66% of total imports. Belgium, Belarus, Denmark and the United States lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Denmark, with a CAGR of +1,900.9%, recorded the highest growth rate of 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

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, reducing by -12.9% against the previous year. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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