Russian Federation: Polycarbonate Market 2024

Polycarbonate Market Size in the Russian Federation

The Russian polycarbonate market amounted to $X in 2022, picking up by 11% against the previous year. Overall, consumption, however, showed a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Polycarbonate Production in the Russian Federation

In value terms, polycarbonate production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Polycarbonate Exports

Exports from the Russian Federation

In 2022, overseas shipments of polycarbonates (in primary forms) decreased by -18.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 131%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarbonate exports declined remarkably to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 199%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Italy (X tons) was the main destination for polycarbonate exports from Russia, with a 40% share of total exports. Moreover, polycarbonate exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Lithuania (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +200.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.6% per year) and Lithuania (+49.9% per year).

In value terms, Italy ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Russia, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by Lithuania, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +183.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.4% per year) and Lithuania (+50.6% per year).

Export Prices by Country

The average polycarbonate export price stood at $X per ton in 2022, shrinking by -17.7% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarbonate export price increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Belarus ($X per ton) and Uzbekistan ($X per ton), while the average price for exports to Lithuania ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into the Russian Federation

In 2022, the amount of polycarbonates (in primary forms) imported into Russia surged to X tons, picking up by 34% against the previous year. Overall, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 65%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polycarbonate imports expanded remarkably to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Germany (X tons) were the main suppliers of polycarbonate imports to Russia, together accounting for 66% of total imports. Belgium, Hungary, the Netherlands, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +37.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of polycarbonates (in primary forms) to Russia, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and China (+18.3% per year).

Import Prices by Country

In 2022, the average polycarbonate import price amounted to $X per ton, reducing by -20.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 60%. As a result, import price reached the peak level of $X per ton, and then fell markedly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while the price for Belgium ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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