CIS: Tanker Market 2023

Tanker Market Size in CIS

The CIS tanker market totaled $X in 2021, increasing by 14% against the previous year. Over the period under review, consumption, however, showed a slight increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Tanker Production in CIS

In value terms, tanker production expanded to $X in 2021 estimated in export price. In general, production, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Tanker Exports

Exports in CIS

In 2021, shipments abroad of tankers increased by 767% to X units, rising for the second consecutive year after two years of decline. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tanker exports skyrocketed to $X in 2021. Overall, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X units) was the largest exporter of tankers in the CIS, generating 100% of total export.

Russia was also the fastest-growing in terms of the tankers exports, with a CAGR of +23.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +19.0%.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, with an increase of 66% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2017 when the export price increased by 82% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -3.3% per year.

Tanker Imports

Imports in CIS

In 2021, approx. X units of tankers were imported in the CIS; with a decrease of -4.5% compared with 2020. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 300% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then dropped modestly in the following year.

In value terms, tanker imports skyrocketed to $X in 2021. In general, imports, however, posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of tanker imports in 2021 were Russia (X units), together reaching 100% of total import.

Russia was also the fastest-growing in terms of the tankers imports, with a CAGR of +11.3% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tankers in the CIS.

In Russia, tanker imports increased at an average annual rate of +27.4% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with an increase of 394% against the previous year. Over the period under review, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +14.5% per year.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :