Russian Federation: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in the Russian Federation

The Russian polyphenols and phenol-alcohols market declined to $X in 2022, dropping by -8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.4% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from the Russian Federation

In 2022, shipments abroad of polyphenols and phenol-alcohols decreased by -47.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,236% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports plummeted to $X in 2022. Overall, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 578% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Ukraine (X tons) and Kyrgyzstan (X tons) were the main destinations of polyphenols and phenol-alcohols exports from Russia, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +56.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyphenols and phenol-alcohols exported from Russia were Ukraine ($X), Belarus ($X) and Kyrgyzstan ($X), together accounting for 93% of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +47.0%, recorded the highest rates of growth with regard to 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

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2022, rising by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Kyrgyzstan ($X per ton), while the average price for exports to Belarus ($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 Ukraine (+3.8%), while the prices for the other major destinations experienced a decline.

Polyphenols And Phenol-Alcohols Imports

Imports into the Russian Federation

In 2022, approx. X tons of polyphenols and phenol-alcohols were imported into Russia; with a decrease of -10.8% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports reduced to $X in 2022. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 39%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), China (X tons) and India (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Russia, together comprising 75% of total imports. Japan, Taiwan (Chinese), the United States and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +48.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyphenols and phenol-alcohols suppliers to Russia were China ($X), France ($X) and India ($X), together comprising 72% of total imports. Japan, Taiwan (Chinese), the United States and Germany lagged somewhat behind, together accounting for a further 28%.

Taiwan (Chinese), with a CAGR of +44.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, surging by 1.5% against the previous year. In general, the import price saw a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 45%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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