Report Update: May 1, 2024

Russian Federation - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights

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Polyethylene Price in Russia - 2022

Polyethylene Price in Russia (FOB) - 2022

In January 2022, the average polyethylene export price amounted to $1,191 per ton, dropping by -2.4% against the previous month. In general, export price indicated a temperate increase from January 2021 to January 2022: its price increased at an average monthly rate of +3.3% 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, polyethylene export price increased by +4.0% against November 2021 indices. The pace of growth appeared the most rapid in March 2021 when the average export price increased by 21% month-to-month. The export price peaked at $1,410 per ton in September 2021; however, from October 2021 to January 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Kazakhstan ($1,628 per ton), while the average price for exports to China ($920 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Price in Russia (CIF) - 2022

In January 2022, the average polyethylene import price amounted to $1,651 per ton, remaining constant against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +3.6%. The pace of growth was the most pronounced in February 2021 when the average import price increased by 18% against the previous month. The import price peaked at $1,662 per ton in December 2021, and then dropped in the following month.

Average prices varied somewhat amongst the major supplying countries. In January 2022, the highest price was recorded for prices from Germany ($2,075 per ton) and Italy ($1,842 per ton), while the price for Uzbekistan ($1,461 per ton) and South Korea ($1,489 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 Azerbaijan (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Polyethylene Exports in Russia

In 2022, overseas shipments of polyethylene with a specific gravity of more then 0,94, in primary forms decreased by -11.2% to 762K 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 was the most pronounced in 2020 when exports increased by 317% against the previous year.

In value terms, polyethylene exports contracted rapidly to $727M in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 191% against the previous year.

Export of Polyethylene in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	32.5	306	377	181	77.3%
Turkey	N/A	22.5	104	122	132.9%
Belgium	N/A	14.3	89.8	107	173.5%
Kazakhstan	66.6	83.0	131	89.3	10.3%
Belarus	30.8	34.5	62.6	37.9	7.2%
Poland	2.8	5.7	46.9	34.6	131.2%
South Africa	N/A	N/A	24.7	32.1	30.0%
Israel	1.6	0.9	3.8	21.0	135.9%
Vietnam	N/A	N/A	7.4	19.5	163.5%
Others	43.1	49.9	90.6	82.0	23.9%
Total	178	517	937	727	59.8%

Top Export Markets for Polyethylene from Russia in 2022:

China (248.6K tons)
Turkey (120.2K tons)
Belgium (112.4K tons)
Kazakhstan (69.2K tons)
Poland (34.2K tons)
South Africa (31.8K tons)
Belarus (30.4K tons)
Vietnam (25.2K tons)
Israel (20.5K tons)

Polyethylene Imports in Russia

In 2022, after two years of decline, there was significant growth in supplies from abroad of polyethylene with a specific gravity of more then 0,94, in primary forms, when their volume increased by 5.5% to 246K tons. Over the period under review, imports, however, showed a abrupt shrinkage.

In value terms, polyethylene imports fell to $304M in 2022. Overall, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year.

Import of Polyethylene in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Azerbaijan	3.3	7.9	63.0	89.5	200.4%
Uzbekistan	161	60.6	82.4	51.0	-31.8%
Thailand	25.3	12.3	23.4	49.2	24.8%
South Korea	44.9	18.6	26.8	29.9	-12.7%
Germany	28.9	34.2	40.4	23.8	-6.3%
Italy	21.7	9.7	12.6	10.4	-21.7%
United Arab Emirates	17.7	17.6	18.8	9.0	-20.2%
Saudi Arabia	16.1	8.9	13.3	6.6	-25.7%
Belarus	24.7	8.1	11.6	4.0	-45.5%
United States	19.2	14.1	5.6	0.9	-63.9%
Turkmenistan	31.2	19.1	4.7	0.7	-71.8%
Ukraine	29.6	0.7	0.9	0.3	-78.4%
Others	51.9	42.0	50.3	28.4	-18.2%
Total	475	254	354	304	-13.8%

Top Suppliers of Polyethylene to Russia in 2022:

Azerbaijan (73.1K tons)
Uzbekistan (46.7K tons)
Thailand (38.9K tons)
South Korea (26.8K tons)
Germany (15.3K tons)
United Arab Emirates (7.6K tons)
Italy (7.5K tons)
Saudi Arabia (4.9K tons)
Belarus (3.7K tons)
Turkmenistan (0.9K tons)
United States (0.7K tons)
Ukraine (0.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyethylene 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 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

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:

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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023