Russian Federation: Toluene Market 2024

Toluene Market Size in the Russian Federation

In 2021, the Russian toluene market decreased by -0.2% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption continues to indicate a slight decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Toluene Production in the Russian Federation

In value terms, toluene production rose modestly to $X in 2021 estimated in export price. Over the period under review, production saw a deep reduction. The growth pace was the most rapid in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Toluene Exports

Exports from the Russian Federation

In 2021, overseas shipments of toluene were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,631%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, toluene exports soared to $X in 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 1,107% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for toluene exports from Russia, accounting for a 92% share of total exports. It was followed by Turkmenistan (X tons), with a 2.6% share of total exports. Kazakhstan (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus stood at +101.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (0.0% per year) and Kazakhstan (+16.6% per year).

In value terms, Belarus ($X) remains the key foreign market for toluene exports from Russia, comprising 92% of total exports. The second position in the ranking was taken by Turkmenistan ($X), with a 3.5% share of total exports. It was followed by Kazakhstan, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus stood at +100.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (0.0% per year) and Kazakhstan (+13.1% per year).

Export Prices by Country

In 2021, the average toluene export price amounted to $X per ton, picking up by 78% against the previous year. Overall, the export price, however, saw a pronounced reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the 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 Turkmenistan ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.2%), while the prices for the other major destinations experienced a decline.

Toluene Imports

Imports into the Russian Federation

In 2021, overseas purchases of toluene were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, toluene imports surged to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 3,732% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of toluene imports to Russia, with a combined 50% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +122.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest toluene suppliers to Russia were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 49% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +86.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average toluene import price amounted to $X per ton, waning by -40.5% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 39%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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