Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia - 2022

Contents:

1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia (FOB) - 2022
2. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia (CIF) - 2022
3. Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia
4. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia (FOB) - 2022

In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,500 per ton, falling by -22% against the previous year. In general, the export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 77%. As a result, the export price attained the peak level of $1,923 per ton, and then contracted notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,940 per ton), while the average price for exports to Brazil ($1,135 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 Poland (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia (CIF) - 2022

In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $2,619 per ton, with an increase of 10% against the previous year. Overall, the import price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,986 per ton), while the price for the Czech Republic ($1,914 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia

In 2022, the amount of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses exported from Russia surged to 21K tons, increasing by 20% against the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period.

In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped to $32M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of $34M, and then dropped in the following year.

Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Russia in 2022:

1. Turkey (16.4K tons)
2. Netherlands (1.1K tons)
3. Brazil (1.0K tons)
4. United Kingdom (0.6K tons)
5. Egypt (0.5K tons)
6. Poland (0.4K tons)
7. Germany (0.3K tons)

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Russia

In 2022, the amount of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses imported into Russia dropped sharply to 691 tons, which is down by -26.9% compared with 2021. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 149%.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses contracted rapidly to $1.8M in 2022. Overall, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2021 when imports increased by 220% against the previous year. As a result, imports reached the peak of $2.3M, and then reduced dramatically in the following year.

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Russia in 2022:

1. China (387.6 tons)
2. Germany (150.7 tons)
3. Czech Republic (90.3 tons)
4. Turkey (62.0 tons)

Source: IndexBox Market Intelligence Platform