Russian Federation: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in the Russian Federation

In 2021, the Russian market for unsaturated polyesters in primary forms was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a slight curtailment. Unsaturated polyesters in primary forms consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from the Russian Federation

In 2021, exports of unsaturated polyesters in primary forms from Russia skyrocketed to X tons, with an increase of 19% compared with the previous year's figure. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.0% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 48%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant expansion. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Russia, together accounting for 95% 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 Ukraine (with a CAGR of +19.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) constituted the largest markets for unsaturated polyesters in primary forms exported from Russia worldwide, with a combined 92% share of total exports.

Among the main countries of destination, Kazakhstan, with a CAGR of +10.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, rising by 32% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kazakhstan ($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 Uzbekistan (+20.1%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into the Russian Federation

In 2021, unsaturated polyesters in primary forms imports into Russia rose modestly to X tons, with an increase of 3.8% against 2020 figures. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 14%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Serbia (X tons), Poland (X tons) and Finland (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Russia, together comprising 50% of total imports. These countries were followed by Turkey, Germany, Italy, France, South Korea, China, Estonia, Austria, Lithuania and Norway, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +88.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unsaturated polyesters in primary forms suppliers to Russia were Poland ($X), Serbia ($X) and Finland ($X), together accounting for 47% of total imports. Italy, Turkey, Germany, France, Austria, China, Estonia, South Korea, Lithuania and Norway lagged somewhat behind, together comprising a further 45%.

Among the main suppliers, Estonia, with a CAGR of +78.2%, recorded the highest rates of growth with regard to 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 import price for unsaturated polyesters in primary forms amounted to $X per ton, growing by 30% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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