CIS: Solid Biofuel Market 2024

Solid Biofuel Market Size in CIS

The CIS solid biofuel market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Solid Biofuel Production in CIS

In value terms, solid biofuel production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Solid Biofuel Exports

Exports in CIS

After ten years of growth, shipments abroad of solid biofuels decreased by X% to X tons in 2022. In general, exports, however, posted a prominent increase. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, solid biofuel exports fell to $X in 2022. Overall, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Russia was the largest exporter of solid biofuels in the CIS, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Belarus (X tons), creating a X% share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest solid biofuel supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Solid Biofuel Imports

Imports in CIS

In 2022, imports of solid biofuels in the CIS shrank modestly to X tons, reducing by X% compared with the year before. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, solid biofuel imports shrank notably to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belarus (X tons) represented the major importer of solid biofuels, committing X% of total imports. Moldova (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%) and Russia (X%). Uzbekistan (X tons), Kyrgyzstan (X tons) and Armenia (X tons) held a minor share of total imports.

Imports into Belarus increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Moldova (X%), Kyrgyzstan (X%), Armenia (X%) and Russia (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, Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Moldova, Uzbekistan and Kyrgyzstan increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, solid biofuel 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: Moldova (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Russia ($X per ton), while Belarus ($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

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