CIS: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in CIS

The CIS heterocyclic compound market declined to $X in 2023, standing approx. at the previous year. In general, consumption recorded a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Heterocyclic Compound Production in CIS

In value terms, heterocyclic compound production fell to $X in 2023 estimated in export price. Overall, production, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

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Heterocyclic Compound Exports

Exports in CIS

In 2023, shipments abroad of heterocyclic compounds was finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, heterocyclic compound exports shrank to $X in 2023. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Belarus (X tons) and Russia (X tons) prevails in exports structure, together making up X% of total exports. Kazakhstan (X kg) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest heterocyclic compound supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with an X% share of total exports.

In Russia, heterocyclic compound exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Heterocyclic Compound Imports

Imports in CIS

In 2023, after two years of growth, there was significant decline in purchases abroad of heterocyclic compounds, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate measured growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, heterocyclic compound imports contracted to $X in 2023. Over the period under review, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

Russia dominates imports structure, recording X tons, which was near X% of total imports in 2023. It was distantly followed by Belarus (X tons), constituting a X% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Belarus (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Russia ($X) constitutes the largest market for imported heterocyclic compounds in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, approximately reflecting the previous year. Import price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, heterocyclic compound import price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform