Russian Federation: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in the Russian Federation

The Russian unsaturated acyclic hydrocarbons market rose markedly to $X in 2021, with an increase of 10% against the previous year. In general, consumption, however, showed a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in the Russian Federation

In value terms, unsaturated acyclic hydrocarbons production surged to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt shrinkage. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from the Russian Federation

In 2021, unsaturated acyclic hydrocarbons exports from Russia skyrocketed to X tons, rising by 85% compared with the previous year's figure. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 340% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports skyrocketed to $X in 2021. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 355% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Finland (X tons) and Israel (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Russia, together comprising 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +1,572.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for unsaturated acyclic hydrocarbons exports from Russia, comprising 59% of total exports. The second position in the ranking was taken by Finland ($X), with a 28% share of total exports. It was followed by Israel, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +1,327.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-6.0% per year) and Israel (+53.6% per year).

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Finland ($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 Ukraine (+18.0%), while the prices for the other major destinations experienced a decline.

Unsaturated Acyclic Hydrocarbons Imports

Imports into the Russian Federation

In 2021, supplies from abroad of unsaturated acyclic hydrocarbons decreased by -23.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 122% against the previous year. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, unsaturated acyclic hydrocarbons imports contracted to $X in 2021. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 159%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Russia, with a 65% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from the United States exceeded the figures recorded by the second-largest supplier, Qatar (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +98.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+19.0% per year) and Saudi Arabia (+269.7% per year).

In value terms, the United States ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Russia, comprising 65% of total imports. The second position in the ranking was taken by Qatar ($X), with an 18% share of total imports. It was followed by Saudi Arabia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +71.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+11.3% per year) and Saudi Arabia (+225.5% per year).

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, surging by 22% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Qatar ($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 UK (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :