Russian Federation - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetic Acid Price in Russia - 2022
Contents:
- Acetic Acid Price in Russia (FOB) - 2022
- Acetic Acid Price in Russia (CIF) - 2022
- Acetic Acid Exports in Russia
- Acetic Acid Imports in Russia
Acetic Acid Price in Russia (FOB) - 2022
The average acetic acid export price stood at $584 per ton in 2022, growing by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 35%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mongolia ($1,445 per ton), while the average price for exports to Azerbaijan ($485 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 Belgium (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Acetic Acid Price in Russia (CIF) - 2022
In 2022, the average acetic acid import price amounted to $1,705 per ton, with an increase of 52% against the previous year. In general, the import price recorded resilient growth. The growth pace was the most rapid in 2015 an increase of 119%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,853 per ton), while the price for Uzbekistan ($1,367 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Acetic Acid Exports in Russia
In 2022, shipments abroad of acetic acid increased by 18% to 27K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic setback.
In value terms, acetic acid exports soared to $16M in 2022. In general, exports, however, recorded a sharp downturn.
| Export of Acetic Acid in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 3.3 | 2.1 | 2.9 | 5.5 | 18.6% |
| Belarus | 1.2 | 0.8 | 2.4 | 4.1 | 50.6% |
| Croatia | N/A | N/A | 0.5 | 2.9 | 480.0% |
| Mongolia | 0.4 | N/A | 0.4 | 1.5 | 55.4% |
| Ukraine | 0.8 | 2.5 | 1.2 | 1.3 | 17.6% |
| Azerbaijan | 1.0 | 0.4 | 0.3 | 0.5 | -20.6% |
| Spain | 10.3 | 2.1 | N/A | N/A | -79.6% |
| Finland | 10.0 | 2.5 | 2.1 | N/A | -54.2% |
| Italy | 4.6 | 1.7 | 1.7 | N/A | -39.2% |
| Turkey | 13.2 | 4.9 | 0.6 | N/A | -78.7% |
| Others | 3.1 | 1.7 | 1.1 | 0.1 | -68.2% |
| Total | 47.8 | 18.7 | 13.2 | 16.0 | -30.6% |
Top Export Markets for Acetic Acid from Russia in 2022:
- Kazakhstan (11.1K tons)
- Belarus (6.8K tons)
- Croatia (5.1K tons)
- Ukraine (2.1K tons)
- Azerbaijan (1.1K tons)
- Mongolia (1.0K tons)
Acetic Acid Imports in Russia
In 2022, supplies from abroad of acetic acid decreased by -54.4% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 with an increase of 64%. As a result, imports attained the peak of 4.2K tons, and then reduced remarkably in the following year.
In value terms, acetic acid imports contracted markedly to $3.3M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 156%. As a result, imports attained the peak of $4.7M, and then contracted markedly in the following year.
| Import of Acetic Acid in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | 967 | 1,812 | 87.4% |
| Germany | 248 | 164 | 234 | 759 | 45.2% |
| Spain | 43.5 | 41.9 | 65.1 | 394 | 108.5% |
| France | 8.3 | 7.6 | 10.8 | 305 | 232.5% |
| South Korea | 779 | 1,307 | 43.0 | N/A | -76.5% |
| China | 118 | 276 | 2,322 | N/A | 343.6% |
| Serbia | N/A | N/A | 996 | N/A | 0% |
| Others | 60.9 | 44.4 | 77.4 | 6.8 | -51.8% |
| Total | 1,258 | 1,840 | 4,714 | 3,277 | 37.6% |
Top Suppliers of Acetic Acid to Russia in 2022:
- Uzbekistan (1326.1 tons)
- Germany (266.2 tons)
- Spain (174.7 tons)
- France (154.2 tons)
This report provides an in-depth analysis of the acetic acid market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143271 - Acetic acid
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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