Russian Federation: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in the Russian Federation

In 2021, the Russian nitric and sulphonitric acids market increased by 3.9% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Nitric and sulphonitric acids consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Nitric Acid And Sulphonitric Acids in the Russian Federation

In value terms, nitric and sulphonitric acids production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Nitric Acid And Sulphonitric Acids

Exports from the Russian Federation

In 2021, approx. X tons of nitric acid and sulphonitric acids were exported from Russia; flattening at the year before. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, nitric and sulphonitric acids exports rose notably to $X in 2021. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for nitric and sulphonitric acids exports from Russia, with a 74% share of total exports. Moreover, nitric and sulphonitric acids exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), sevenfold. Finland (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+7.5% per year) and Finland (-5.9% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for nitric acid and sulphonitric acids exports from Russia, comprising 67% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with an 11% share of total exports. It was followed by Mongolia, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+3.4% per year) and Mongolia (+8.8% per year).

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2021, surging by 11% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Mongolia ($X per ton), while the average price for exports to Kazakhstan ($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 Ukraine (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nitric Acid And Sulphonitric Acids

Imports into the Russian Federation

In 2021, purchases abroad of nitric acid and sulphonitric acids increased by 6.8% to X tons, rising for the sixth year in a row after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 509%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2021. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 251% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Belarus (X tons) constituted the largest supplier of nitric and sulphonitric acids to Russia, accounting for a 9.9% share of total imports. Moreover, nitric and sulphonitric acids imports from Belarus exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Lithuania (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus stood at +167.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.3% per year) and Lithuania (-9.0% per year).

In value terms, Belarus ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Russia, comprising 73% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 9.8% share of total imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belarus amounted to +169.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+11.7% per year) and Germany (+27.4% per year).

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per ton in 2021, picking up by 35% against the previous year. In general, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 363%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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