Russian Federation: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in the Russian Federation

The Russian odoriferous substance mixture market stood at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a resilient expansion. Odoriferous substance mixture consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Odoriferous Substance Mixture Production in the Russian Federation

In value terms, odoriferous substance mixture production surged to $X in 2022 estimated in export price. In general, production showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Odoriferous substance mixture production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Odoriferous Substance Mixture Exports

Exports from the Russian Federation

In 2022, odoriferous substance mixture exports from Russia plummeted to X tons, which is down by X% against 2021. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture exports declined markedly to $X in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for odoriferous substance mixture exports from Russia, accounting for a X% share of total exports. Moreover, odoriferous substance mixture exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was taken by Azerbaijan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Azerbaijan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Russia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, recorded moderate growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into the Russian Federation

Odoriferous substance mixture imports into Russia totaled X tons in 2022, standing approx. at the previous year's figure. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, odoriferous substance mixture imports rose to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest odoriferous substance mixture supplier to Russia, accounting for a X% share of total imports. Moreover, odoriferous substance mixture imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. Switzerland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Switzerland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Russia, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Ireland (X% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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