Report Russian Federation - Tankers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 1, 2023

Russian Federation - Tankers - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

Russian Federation: Tanker Market 2023

Tanker Market Size in the Russian Federation

The Russian tanker market expanded remarkably to $X in 2021, growing by 8.9% against the previous year. Overall, consumption, however, showed a slight increase. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Tanker Production in the Russian Federation

In value terms, tanker production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a precipitous decrease. The growth pace was the most rapid in 2017 when the production volume increased by 44% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Tanker Exports

Exports from the Russian Federation

In 2021, shipments abroad of tankers increased by 2,500% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tanker exports surged to $X in 2021. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X units), Bangladesh (X units) and Malta (X units) were the main destinations of tanker exports from Russia, together comprising 65% of total exports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +71.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Belgium ($X) and Denmark ($X) appeared to be the largest markets for tanker exported from Russia worldwide, together comprising 91% of total exports. These countries were followed by Malta, South Africa, Azerbaijan, Bangladesh, the United Arab Emirates, Turkey and the Netherlands, which together accounted for a further 7.3%.

Among the main countries of destination, Azerbaijan, with a CAGR of +73.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average tanker export price amounted to $X per unit, waning by -27.2% against the previous year. Over the period under review, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 115%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+35.9%), while the prices for the other major destinations experienced mixed trend patterns.

Tanker Imports

Imports into the Russian Federation

In 2021, the amount of tankers imported into Russia contracted to X units, declining by -4.5% against the previous year's figure. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2014 when imports increased by 300%. Imports peaked at X units in 2020, and then shrank slightly in the following year.

In value terms, tanker imports soared to $X in 2021. Over the period under review, imports, however, showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X units) constituted the largest tanker supplier to Russia, with a 81% share of total imports. Moreover, tanker imports from South Korea exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-66.7% per year) and Germany (0.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of tankers to Russia, comprising 98% of total imports. The second position in the ranking was held by China ($X), with a 1.4% share of total imports. It was followed by Turkey, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Turkey (-25.7% per year).

Import Prices by Country

The average tanker import price stood at $X per unit in 2021, growing by 395% against the previous year. In general, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?
+
South Korea constituted the country with the largest volume of tanker consumption, comprising approx. 28% of total volume. Moreover, tanker consumption in South Korea exceeded the figures recorded by the second-largest consumer, South Africa, threefold. The third position in this ranking was held by Japan, with a 6.1% share.
What are the largest producers of tankers in the world?
+
South Korea constituted the country with the largest volume of tanker production, accounting for 45% of total volume. Moreover, tanker production in South Korea exceeded the figures recorded by the second-largest producer, China, threefold. Japan ranked third in terms of total production with a 13% share.
What are the leading suppliers of tankers to the Russian Federation?
+
In value terms, South Korea constituted the largest supplier of tankers to Russia, comprising 98% of total imports. The second position in the ranking was taken by China, with a 1.4% share of total imports. It was followed by Turkey, with a 0.2% share.
What are the leading importers of tankers from the Russian Federation?
+
In value terms, the largest markets for tanker exported from Russia were Lithuania, Belgium and Denmark, with a combined 91% share of total exports. These countries were followed by Malta, South Africa, Azerbaijan, Bangladesh, the United Arab Emirates, Turkey and the Netherlands, which together accounted for a further 7.3%.
What is the average export price for tankers in the Russian Federation?
+
In 2021, the average tanker export price amounted to $37,165,999 per unit, with a decrease of -27.2% against the previous year.
What is the average import price for tankers in the Russian Federation?
+
The average tanker import price stood at $180,383,036 per unit in 2021, rising by 395% against the previous year.

This report provides an in-depth analysis of the tanker market in the Russian Federation. 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 30112210 - Crude oil tankers
• Prodcom 30112230 - Oil product tankers
• Prodcom 30112250 - Chemical tankers
• Prodcom 30112270 - Gas carriers
Country coverage:
• Russia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Russian Federation
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET