Russian Federation: Packaging Materials Market 2024

Packaging Materials Market Size in the Russian Federation

The Russian packaging materials market contracted slightly to $X in 2022, reducing by -1.5% against the previous year. Overall, consumption, however, showed a noticeable slump. Packaging materials consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Packaging Materials Production in the Russian Federation

In value terms, packaging materials production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 14%. Packaging materials production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Packaging Materials Exports

Exports from the Russian Federation

After ten years of growth, overseas shipments of packaging materials decreased by -7.6% to X tons in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, packaging materials exports fell significantly to $X in 2022. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

China (X tons) was the main destination for packaging materials exports from Russia, with a 21% share of total exports. Moreover, packaging materials exports to China exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+17.7% per year) and Italy (+14.5% per year).

In value terms, the largest markets for packaging materials exported from Russia were China ($X), Turkey ($X) and Italy ($X), together comprising 31% of total exports. Ecuador, Belarus, Egypt, Germany, Kazakhstan, Uzbekistan, Romania, Latvia, Morocco and the UK lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Morocco, with a CAGR of +55.8%, 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 packaging materials export price amounted to $X per ton, reducing by -10% against the previous year. In general, the export price saw a pronounced contraction. The pace of growth was the most pronounced in 2021 an increase of 30%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to China ($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 Ecuador (+1.7%), while the prices for the other major destinations experienced a decline.

Packaging Materials Imports

Imports into the Russian Federation

In 2022, imports of packaging materials into Russia declined to X tons, falling by -3.3% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 11%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, packaging materials imports contracted to $X in 2022. Overall, imports recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest packaging materials supplier to Russia, with a 35% share of total imports. Moreover, packaging materials imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.1% per year) and China (+7.4% per year).

In value terms, Finland ($X) constituted the largest supplier of packaging materials to Russia, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Finland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.3% per year) and Sweden (-2.0% per year).

Import Prices by Country

In 2022, the average packaging materials import price amounted to $X per ton, shrinking by -4.2% against the previous year. Overall, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.7%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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