Russian Federation - Tall Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Russian Federation - Tall Oil - Market Analysis, Forecast, Size, Trends And Insights

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Tall Oil Price in Russia - 2022

Contents:

  1. Tall Oil Price in Russia (FOB) - 2022
  2. Tall Oil Price in Russia (CIF) - 2022
  3. Tall Oil Exports in Russia
  4. Tall Oil Imports in Russia

Tall Oil Price in Russia (FOB) - 2022

In January 2022, the average tall oil export price amounted to $562 per ton, surging by 3.6% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in August 2021 when the average export price increased by 7.4% m-o-m. Over the period under review, the average export prices attained the peak figure at $563 per ton in October 2021; however, from November 2021 to January 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($1,320 per ton), while the average price for exports to Belarus ($513 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 Belarus (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tall Oil Price in Russia (CIF) - 2022

The average tall oil import price stood at $813 per ton in January 2022, growing by 5.4% against the previous month. Over the period under review, the import price enjoyed moderate growth. The most prominent rate of growth was recorded in May 2021 an increase of 109% month-to-month. The import price peaked at $894 per ton in November 2021; however, from December 2021 to January 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was India ($2,764 per ton), while the price for Belarus ($677 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 Finland (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Tall Oil Exports in Russia

In 2022, the amount of tall oil exported from Russia amounted to 45K tons, remaining relatively unchanged against the year before. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 27%. As a result, the exports reached the peak of 45K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tall oil exports fell modestly to $22M in 2022. The total export value increased at an average annual rate of +11.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year.

Export of Tall Oil in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Finland13.116.417.317.29.5%
SwedenN/AN/A1.91.90.0%
India0.20.70.50.965.1%
Spain0.20.71.20.644.2%
Turkey1.21.11.10.5-25.3%
Belarus0.40.40.40.57.7%
Others0.21.20.2N/A0.0%
Total15.420.622.621.611.9%

Top Export Markets for Tall Oil from Russia in 2022:

  1. Finland (38.0K tons)
  2. Sweden (3.4K tons)
  3. India (1.3K tons)
  4. Belarus (1.1K tons)
  5. Spain (0.9K tons)
  6. Turkey (0.5K tons)

Tall Oil Imports in Russia

After three years of growth, supplies from abroad of tall oil decreased by -7.5% to 9.6K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year.

In value terms, tall oil imports declined significantly to $4.9M in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of $6.2M, and then shrank remarkably in the following year.

Import of Tall Oil in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belarus1.62.84.13.327.3%
BrazilN/AN/A1.01.110.0%
IndiaN/AN/AN/A0.40%
Finland0.60.40.4N/A-18.4%
Others0.30.30.70.1-30.7%
Total2.53.56.24.925.1%

Top Suppliers of Tall Oil to Russia in 2022:

  1. Belarus (7.8K tons)
  2. Brazil (1.6K tons)
  3. India (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tall oil 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 20147130 - Tall oil, whether or not refined

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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