Russian Federation: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in the Russian Federation

In 2022, the Russian rosin and resin acids market decreased by less than X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Rosin and resin acids consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Rosin And Resin Acids And Derivatives in the Russian Federation

In value terms, rosin and resin acids production dropped modestly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from the Russian Federation

In 2022, overseas shipments of rosin and resin acids and derivatives were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, rosin and resin acids exports contracted to $X in 2022. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus (X tons) was the main destination for rosin and resin acids exports from Russia, with a X% share of total exports. Moreover, rosin and resin acids exports to Belarus exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Ukraine (X% per year).

In value terms, Belarus ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Russia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to China ($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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Imports of Rosin And Resin Acids And Derivatives

Imports into the Russian Federation

In 2022, the amount of rosin and resin acids and derivatives imported into Russia reached X tons, surging by X% against the previous year's figure. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, rosin and resin acids imports declined modestly to $X in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest rosin and resin acids supplier to Russia, accounting for a X% share of total imports. Moreover, rosin and resin acids imports from Brazil exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Finland (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of rosin and resin acids and derivatives to Russia, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Finland, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Finland (X% per year).

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($X per ton) and Belarus ($X per ton), while the price for Indonesia ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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