Russian Federation: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in the Russian Federation

In 2022, the Russian plastic ornamental articles market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 7.4% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plastic Ornamental Articles Production in the Russian Federation

In value terms, plastic ornamental articles production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42%. Plastic ornamental articles production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from the Russian Federation

In 2022, overseas shipments of statuettes and other ornamental articles of plastic decreased by -12.5% to X tons for the first time since 2013, thus ending a eight-year rising trend. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 74% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, plastic ornamental articles exports dropped to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 86%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Belarus (X tons) was the main destination for plastic ornamental articles exports from Russia, accounting for a 56% share of total exports. Moreover, plastic ornamental articles exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold. The third position in this ranking was taken by Ukraine (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus totaled +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+31.3% per year) and Ukraine (+3.3% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) appeared to be the largest markets for plastic ornamental articles exported from Russia worldwide, with a combined 86% share of total exports. These countries were followed by Latvia, which accounted for a further 6%.

Latvia, with a CAGR of +88.8%, saw the highest rates of growth with regard to 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

In 2022, the average plastic ornamental articles export price amounted to $X per ton, with a decrease of -1.6% against the previous year. Over the period under review, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 6.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Belarus ($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 (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into the Russian Federation

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were imported into Russia; reducing by -2.8% against the previous year's figure. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 76%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic ornamental articles imports shrank to $X in 2022. Over the period under review, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2017 with an increase of 93%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Russia, with a 83% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), tenfold. Belarus (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-6.7% per year) and Belarus (+66.3% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Russia, comprising 86% of total imports. The second position in the ranking was held by Ukraine ($X), with a 4.6% share of total imports. It was followed by Germany, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-11.9% per year) and Germany (-0.6% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, waning by -11.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 26%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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