Russian Federation - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Urea and Thiourea Resins in Russia - 2022
Contents:
- Price for Urea and Thiourea Resins in Russia (FOB) - 2022
- Price for Urea and Thiourea Resins in Russia (CIF) - 2022
- Exports of Urea and Thiourea Resins in Russia
- Imports of Urea and Thiourea Resins in Russia
Price for Urea and Thiourea Resins in Russia (FOB) - 2022
The average urea and thiourea resins export price stood at $613 per ton in January 2022, with an increase of 2.6% against the previous month. Over the period under review, export price indicated a prominent increase from January 2021 to January 2022: its price increased at an average monthly rate of +5.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, urea and thiourea resins export price decreased by -9.4% against November 2021 indices. The growth pace was the most rapid in November 2021 an increase of 27% against the previous month. As a result, the export price reached the peak level of $677 per ton. From December 2021 to January 2022, the the average export prices failed to regain momentum.
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 Belarus amounted to +5.4% per month.
Price for Urea and Thiourea Resins in Russia (CIF) - 2022
In January 2022, the average urea and thiourea resins import price amounted to $1,490 per ton, declining by -12% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2021 an increase of 89% against the previous month. The import price peaked at $2,010 per ton in March 2021; however, from April 2021 to January 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Germany ($4,023 per ton), while the price for Kazakhstan ($757 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Urea and Thiourea Resins in Russia
In 2022, urea and thiourea resins exports from Russia rose significantly to 133K tons, with an increase of 13% compared with 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern.
In value terms, urea and thiourea resins exports surged to $82M in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 82%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Urea and Thiourea Resins in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 41.2 | 27.5 | 52.3 | 78.9 | 24.2% |
| Others | 6.0 | 2.4 | 1.9 | 2.9 | -21.5% |
| Total | 47.2 | 29.9 | 54.2 | 81.8 | 20.1% |
Top Export Markets for Urea and Thiourea Resins from Russia in 2022:
- Belarus (130.3K tons)
Imports of Urea and Thiourea Resins in Russia
In 2022, the amount of urea resins and thiourea resins in primary forms imported into Russia skyrocketed to 14K tons, rising by 105% on the previous year's figure. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea and thiourea resins imports rose slightly to $9.7M in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 64%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Urea and Thiourea Resins in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 1.1 | 2.0 | 2.7 | 34.9% |
| Kazakhstan | 0.3 | 0.1 | 0.6 | 2.1 | 91.3% |
| Germany | 1.3 | 1.4 | 2.1 | 1.8 | 11.5% |
| Italy | 0.3 | 0.4 | 1.0 | 1.1 | 54.2% |
| Spain | 1.3 | 1.3 | 1.5 | 1.0 | -8.4% |
| Turkey | 0.9 | 0.9 | 0.9 | 0.8 | -3.9% |
| Belarus | N/A | 0.1 | 0.8 | N/A | 700.0% |
| Others | 0.4 | 0.5 | 0.7 | 0.3 | -9.1% |
| Total | 5.6 | 5.8 | 9.5 | 9.7 | 20.1% |
Top Suppliers of Urea and Thiourea Resins to Russia in 2022:
- Belarus (undefinedK tons)
- Kazakhstan (6.2K tons)
- China (3.4K tons)
- Italy (1.2K tons)
- Spain (1.2K tons)
- Germany (1.0K tons)
- Turkey (0.5K tons)
This report provides an in-depth analysis of the market for urea and thiourea resins 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 20165550 - Urea resins and thiourea resins, 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:
- 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
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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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