Russian Federation: Propylene Glycol Market 2025

Propylene Glycol Market Size in the Russian Federation

The Russian propylene glycol market reduced rapidly to $X in 2022, waning by -30.3% against the previous year. In general, consumption, however, posted a notable expansion. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Propylene Glycol Production in the Russian Federation

In value terms, propylene glycol production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 88%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Propylene Glycol Exports

Exports from the Russian Federation

After two years of growth, overseas shipments of propylene glycol (propane-1,2-diol) decreased by -17.4% to X tons in 2022. Over the period under review, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 105%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, propylene glycol exports dropped markedly to $X in 2022. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 182%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for propylene glycol exports from Russia, with a 77% share of total exports. Moreover, propylene glycol exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to +10.4%.

In value terms, Kazakhstan ($X) emerged as the key foreign market for propylene glycol (propane-1,2-diol) exports from Russia, comprising 77% of total exports. The second position in the ranking was taken by Belarus ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled +13.0%.

Export Prices by Country

The average propylene glycol export price stood at $X per ton in 2022, shrinking by -18% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene glycol export price increased by +48.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 82% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined remarkably in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Propylene Glycol Imports

Imports into the Russian Federation

In 2022, purchases abroad of propylene glycol (propane-1,2-diol) decreased by -40.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, imports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, propylene glycol imports shrank remarkably to $X in 2022. In general, imports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2021 with an increase of 123%. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of propylene glycol imports to Russia, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +14.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest propylene glycol suppliers to Russia were China ($X), South Korea ($X) and Germany ($X), together accounting for 96% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +14.7%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average propylene glycol import price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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