Russian Federation: Market for Salts Of Acetic Acid 2025

Market Size for Salts Of Acetic Acid in the Russian Federation

The Russian salts of acetic acid market dropped to $X in 2022, falling by -5.3% against the previous year. Overall, consumption showed a slight downturn. Salts of acetic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Salts Of Acetic Acid in the Russian Federation

In value terms, salts of acetic acid production shrank modestly to $X in 2022 estimated in export price. In general, production saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports from the Russian Federation

After four years of growth, shipments abroad of salts of acetic acid decreased by -9.6% to X tons in 2022. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 93% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, salts of acetic acid exports dropped sharply to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 79% against the previous year. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Belarus (X tons), Ukraine (X tons) and Uzbekistan (X tons) were the main destinations of salts of acetic acid exports from Russia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +56.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for salts of acetic acid exports from Russia, comprising 58% of total exports. The second position in the ranking was held by Belarus ($X), with a 26% share of total exports. It was followed by Uzbekistan, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine stood at +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+6.1% per year) and Uzbekistan (+38.6% per year).

Export Prices by Country

The average salts of acetic acid export price stood at $X per ton in 2022, declining by -7.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 119% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average 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 Ukraine ($X per ton), while the average price for exports to Uzbekistan ($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 (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Salts Of Acetic Acid

Imports into the Russian Federation

In 2022, approx. X tons of salts of acetic acid were imported into Russia; falling by -8.3% compared with 2021. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 56%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, salts of acetic acid imports declined significantly to $X in 2022. In general, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of salts of acetic acid to Russia, with a 98% share of total imports. It was followed by the Netherlands (X tons), with a 1.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.8% per year) and Germany (-24.0% per year).

In value terms, China ($X) constituted the largest supplier of salts of acetic acid to Russia, comprising 97% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-16.6% per year) and Germany (-25.4% per year).

Import Prices by Country

In 2022, the average salts of acetic acid import price amounted to $X per ton, reducing by -13.2% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 an increase of 41% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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