Russian Federation: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in the Russian Federation

The Russian organo-inorganic compounds market soared to $X in 2021, increasing by 39% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +119.0% against 2017 indices. Organo-inorganic compounds consumption peaked in 2021 and is expected to retain growth in the near future.

Organo-Inorganic Compounds Production in the Russian Federation

In value terms, organo-inorganic compounds production shrank notably to $X in 2021 estimated in export price. In general, production recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 192%. Organo-inorganic compounds production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Organo-Inorganic Compounds Exports

Exports from the Russian Federation

In 2021, the amount of organo-inorganic compounds (excluding organo-sulphur compounds) exported from Russia skyrocketed to X tons, increasing by 113% on the year before. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 181% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, organo-inorganic compounds exports expanded markedly to $X in 2021. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 131% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Uzbekistan (X tons) and China (X tons) were the main destinations of organo-inorganic compounds exports from Russia, with a combined 76% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +52.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Russia, comprising 27% of total exports. The second position in the ranking was taken by Germany ($X), with a 6.9% share of total exports. It was followed by China, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.6% per year) and China (+28.0% per year).

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2021, shrinking by -47.3% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 91% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uzbekistan ($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 (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into the Russian Federation

For the sixth consecutive year, Russia recorded growth in purchases abroad of organo-inorganic compounds (excluding organo-sulphur compounds), which increased by 19% to X tons in 2021. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, organo-inorganic compounds imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of organo-inorganic compounds to Russia, accounting for a 71% share of total imports. Moreover, organo-inorganic compounds imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The UK (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.2% per year) and the UK (+14.7% per year).

In value terms, China ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Russia, comprising 69% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by the UK, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.3% per year) and the UK (+14.3% per year).

Import Prices by Country

The average organo-inorganic compounds import price stood at $X per ton in 2021, increasing by 44% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. 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 the Netherlands ($X per ton), while the price for India ($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 (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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