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Report CIS - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

CIS - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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CIS: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in CIS

In 2022, the CIS industrial stearic acid market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, consumption enjoyed a notable expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Industrial Stearic Acid Production in CIS

In value terms, industrial stearic acid production amounted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Stearic Acid Exports

Exports in CIS

Industrial stearic acid exports skyrocketed to X tons in 2022, jumping by X% on 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, industrial stearic acid exports totaled $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from Russia (X tons), together finishing at X% of total export.

Russia was also the fastest-growing in terms of the industrial stearic acid exports, with a CAGR of X% from 2012 to 2022. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest industrial stearic acid supplier in the CIS.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a perceptible decline. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Industrial Stearic Acid Imports

Imports in CIS

In 2022, the amount of industrial stearic acid imported in the CIS soared to X tons, rising by X% against the previous year's figure. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial stearic acid imports skyrocketed to $X in 2022. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. Uzbekistan (X tons) and Belarus (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial stearic acid imports into Russia stood at X%. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (X p.p.) displayed negative dynamics.

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

In Russia, industrial stearic acid imports expanded at an average annual rate of X% over the period from 2012-2022. 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

The import price in the CIS stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Russia remains the largest industrial stearic acid consuming country in the CIS, comprising approx. 83% of total volume. Moreover, industrial stearic acid consumption in Russia exceeded the figures recorded by the second-largest consumer, Uzbekistan, sevenfold.
Russia remains the largest industrial stearic acid producing country in the CIS, accounting for 73% of total volume. Moreover, industrial stearic acid production in Russia exceeded the figures recorded by the second-largest producer, Uzbekistan, fourfold.
In value terms, Russia remains the largest industrial stearic acid supplier in the CIS.
In value terms, Russia constitutes the largest market for imported industrial stearic acid in the CIS, comprising 86% of total imports. The second position in the ranking was held by Belarus, with a 6.6% share of total imports.
In 2022, the export price in the CIS amounted to $1,184 per ton, waning by -33.1% against the previous year.
In 2022, the import price in the CIS amounted to $1,071 per ton, waning by -23.5% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in CIS. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in CIS, split by region and country
  • Trade (exports and imports) in CIS
  • 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Armenia
    • Azerbaijan
    • Belarus
    • Kazakhstan
    • Kyrgyzstan
    • Moldova
    • Russia
    • Tajikistan
    • Uzbekistan

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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