Russian Federation: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in the Russian Federation

The Russian non-rolled bitumen products market fell to $X in 2022, waning by -3.2% against the previous year. Over the period under review, consumption showed a mild descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in the Russian Federation

In value terms, non-rolled bitumen products production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 25%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from the Russian Federation

In 2022, overseas shipments of non-rolled bitumen products decreased by -3.5% 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 resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 31%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, non-rolled bitumen products exports shrank to $X in 2022. Overall, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.0% against 2017 indices. The growth pace was the most rapid in 2013 when exports increased by 36% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Moldova (X tons), Lithuania (X tons) and Kazakhstan (X tons) were the main destinations of non-rolled bitumen products exports from Russia, with a combined 51% share of total exports. India, Belarus, Romania, Thailand, Indonesia, Ukraine, Poland and Bulgaria lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +128.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-rolled bitumen products exported from Russia were Moldova ($X), Lithuania ($X) and Kazakhstan ($X), together accounting for 44% of total exports. Belarus, Indonesia, India, Thailand, Ukraine, Romania, Poland and Bulgaria lagged somewhat behind, together accounting for a further 41%.

India, with a CAGR of +114.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, which is down by -6.3% against the previous year. In general, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 15%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Lithuania ($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 Poland (+0.6%), while the prices for the other major destinations experienced a decline.

Non-Rolled Bitumen Products Imports

Imports into the Russian Federation

In 2022, non-rolled bitumen products imports into Russia reduced notably to X tons, with a decrease of -15.5% against the year before. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-rolled bitumen products imports fell dramatically to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of non-rolled bitumen products to Russia, with a 88% share of total imports. Moreover, non-rolled bitumen products imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Romania (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and Romania (+2.3% per year).

In value terms, Finland ($X), Germany ($X) and China ($X) constituted the largest non-rolled bitumen products suppliers to Russia, with a combined 89% share of total imports.

Germany, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, among 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 non-rolled bitumen products import price stood at $X per ton in 2022, with a decrease of -5.4% against the previous year. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 16%. The import price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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