Russian Federation: Solid Biofuel Market 2024

Solid Biofuel Market Size in the Russian Federation

In 2022, the Russian solid biofuel market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Solid biofuel consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Solid Biofuel Production in the Russian Federation

In value terms, solid biofuel production reached $X in 2022 estimated in export price. In general, production enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Solid biofuel production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Solid Biofuel Exports

Exports from the Russian Federation

For the eleventh consecutive year, Russia recorded growth in overseas shipments of solid biofuels, which increased by X% to X tons in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, solid biofuel exports surged to $X in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for solid biofuel exports from Russia, with a X% share of total exports. Moreover, solid biofuel exports to Denmark exceeded the volume sent to the second major destination, France (X tons), tenfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Japan (X% per year).

In value terms, Denmark ($X) remains the key foreign market for solid biofuels exports from Russia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average solid biofuel export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Solid Biofuel Imports

Imports into the Russian Federation

In 2022, the amount of solid biofuels imported into Russia fell remarkably to X tons, which is down by X% on 2021 figures. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, solid biofuel imports shrank to $X in 2022. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest solid biofuel supplier to Russia, with a X% share of total imports. Moreover, solid biofuel imports from Indonesia exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of solid biofuels to Russia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

Import Prices by Country

The average solid biofuel import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Indonesia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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