Russian Federation - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in Russia - 2022
Contents:
- Industrial Stearic Acid Price in Russia (CIF) - 2022
- Industrial Stearic Acid Price in Russia (FOB) - 2022
- Industrial Stearic Acid Imports in Russia
- Industrial Stearic Acid Exports in Russia
Industrial Stearic Acid Price in Russia (CIF) - 2022
The average industrial stearic acid import price stood at $1,658 per ton in January 2022, surging by 9.9% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in September 2021 when the average import price increased by 14% m-o-m. As a result, import price reached the peak level of $1,690 per ton; afterwards, it flattened through to January 2022.
Average prices varied somewhat amongst the major supplying countries. In January 2022, the highest price was recorded for prices from China ($2,191 per ton) and Sweden ($2,004 per ton), while the price for Indonesia ($1,463 per ton) and Malaysia ($1,773 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Stearic Acid Price in Russia (FOB) - 2022
In January 2022, the average industrial stearic acid export price amounted to $1,819 per ton, dropping by -9% against the previous month. Overall, export price indicated a notable expansion from January 2021 to January 2022: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, industrial stearic acid export price increased by +1.9% against November 2021 indices. The most prominent rate of growth was recorded in June 2021 an increase of 89% month-to-month. As a result, the export price attained the peak level of $2,038 per ton. From July 2021 to January 2022, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Belarus.
From January 2021 to January 2022, the rate of growth in terms of prices for Kazakhstan amounted to +6.7% per month.
Industrial Stearic Acid Imports in Russia
In 2022, approx. 22K tons of industrial stearic acid were imported into Russia; shrinking by -12.7% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 33%. As a result, imports reached the peak of 25K tons, and then fell in the following year.
In value terms, industrial stearic acid imports reduced rapidly to $26M in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. As a result, imports attained the peak of $34M, and then declined notably in the following year.
| Import of Industrial Stearic Acid in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.4 | N/A | N/A | 10.0 | 31.5% |
| China | 0.1 | 1.9 | 2.8 | 4.6 | 258.3% |
| Indonesia | 5.4 | 7.5 | 17.1 | 3.1 | -16.9% |
| Germany | 0.5 | 0.8 | 1.2 | 2.3 | 66.3% |
| Malaysia | 1.0 | 2.0 | 5.1 | 1.7 | 19.3% |
| Sweden | 4.8 | 4.3 | 7.2 | 1.6 | -30.7% |
| Spain | 0.5 | 0.1 | N/A | 0.7 | 11.9% |
| Others | 0.8 | 0.7 | 1.0 | 1.7 | 28.6% |
| Total | 17.3 | 17.2 | 34.4 | 25.8 | 14.3% |
Top Suppliers of Industrial Stearic Acid to Russia in 2022:
- Lithuania (8.5K tons)
- China (4.7K tons)
- Indonesia (2.5K tons)
- Germany (1.7K tons)
- Malaysia (1.1K tons)
- Sweden (0.9K tons)
- Spain (0.8K tons)
Industrial Stearic Acid Exports in Russia
In 2022, overseas shipments of industrial stearic acid decreased by -24.6% to 674 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 99% against the previous year. As a result, the exports attained the peak of 895 tons, and then shrank notably in the following year.
In value terms, industrial stearic acid exports fell markedly to $1.1M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 194% against the previous year. As a result, the exports reached the peak of $1.6M, and then contracted significantly in the following year.
| Export of Industrial Stearic Acid in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 193 | 131 | 346 | 595 | 45.5% |
| Belarus | 63.0 | 357 | 1,112 | 251 | 58.5% |
| Ukraine | 28.4 | 26.6 | 44.8 | 77.1 | 39.5% |
| Poland | 15.1 | N/A | N/A | 38.4 | 36.5% |
| Estonia | 15.6 | 15.7 | 21.1 | 36.3 | 32.5% |
| Armenia | 4.3 | 0.8 | 14.6 | 30.0 | 91.1% |
| Uzbekistan | 43.5 | 4.2 | 4.5 | 28.7 | -12.9% |
| Others | 6.6 | 3.3 | 39.6 | 3.8 | -16.8% |
| Total | 369 | 539 | 1,582 | 1,061 | 42.2% |
Top Export Markets for Industrial Stearic Acid from Russia in 2022:
- Kazakhstan (386.5 tons)
- Belarus (146.0 tons)
- Ukraine (42.8 tons)
- Armenia (31.4 tons)
- Estonia (24.1 tons)
- Uzbekistan (22.8 tons)
- Poland (18.9 tons)
This report provides an in-depth analysis of the industrial stearic 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 20143120 - Industrial stearic 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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