Russian Federation: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in the Russian Federation

The Russian polyethylene binder market dropped to $X in 2022, waning by -5.2% against the previous year. Overall, consumption recorded a perceptible shrinkage. Polyethylene binder consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Polyethylene Binder Production in the Russian Federation

In value terms, polyethylene binder production declined slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2016 with an increase of 8.7%. Polyethylene binder production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Polyethylene Binder Exports

Exports from the Russian Federation

In 2022, polyethylene binder exports from Russia surged to X tons, with an increase of 18% on 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene binder exports rose modestly to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 20%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for polyethylene binder exports from Russia, with a 92% share of total exports. Moreover, polyethylene binder exports to Kyrgyzstan exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kyrgyzstan amounted to +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-15.4% per year) and Belarus (-30.5% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Russia, comprising 90% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan amounted to +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-15.7% per year) and Belarus (-24.9% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, reducing by -13.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kyrgyzstan ($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 Belarus (+8.0%), while the prices for the other major destinations experienced a decline.

Polyethylene Binder Imports

Imports into the Russian Federation

In 2022, approx. X tons of polyethylene or polypropylene binder or baler (agricultural) twines were imported into Russia; surging by 4.2% against 2021 figures. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 56% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polyethylene binder imports shrank to $X in 2022. Over the period under review, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Hungary (X tons), Turkey (X tons) and Belarus (X tons) were the main suppliers of polyethylene binder imports to Russia, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +57.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Hungary ($X) and Belarus ($X) appeared to be the largest polyethylene binder suppliers to Russia, with a combined 79% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +56.5%, saw the highest rates of growth with regard to 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 polyethylene binder import price stood at $X per ton in 2022, which is down by -8.1% against the previous year. Over the period under review, the import price showed a perceptible decrease. The growth pace was the most rapid in 2021 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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