Price for Pectic Substances; Pectinates and Pectates in Russia - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Russia (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Russia (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Russia
4. Exports of Pectic Substances; Pectinates and Pectates in Russia

Price for Pectic Substances; Pectinates and Pectates in Russia (CIF) - 2022

In January 2022, the average import price for pectic substances; pectinates and pectateses amounted to $11,425 per ton, surging by 5.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2021 when the average import price increased by 17% month-to-month. As a result, import price attained the peak level of $12,855 per ton. From June 2021 to January 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Denmark ($16,048 per ton), while the price for China ($9,743 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1.6%), while the prices for the other major suppliers experienced a decline.

Price for Pectic Substances; Pectinates and Pectates in Russia (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $12,710 per ton in January 2022, with an increase of 61% against the previous month. Overall, export price indicated pronounced growth from January 2021 to January 2022: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, pectic substances; pectinates and pectates export price decreased by -8.2% against July 2021 indices. The pace of growth was the most pronounced in February 2021 an increase of 66% month-to-month. Over the period under review, the average export prices reached the peak figure at $14,028 per ton in March 2021; however, from April 2021 to January 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Ukraine ($16,551 per ton), while the average price for exports to Georgia ($10,050 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Pectic Substances; Pectinates and Pectates in Russia

Pectic substances; pectinates and pectates imports into Russia contracted to 4.5K tons in 2022, dropping by -5.3% compared with the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of 4.7K tons, and then contracted in the following year.

In value terms, pectic substances; pectinates and pectates imports fell to $50M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year. As a result, imports attained the peak of $53M, and then dropped modestly in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Russia in 2022:

1. China (2235.4 tons)
2. Germany (794.9 tons)
3. France (466.6 tons)
4. Italy (457.8 tons)
5. Denmark (309.6 tons)
6. Czech Republic (143.3 tons)

Exports of Pectic Substances; Pectinates and Pectates in Russia

In 2022, overseas shipments of pectic substances; pectinates and pectateses decreased by -5.8% to 274 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year.

In value terms, pectic substances; pectinates and pectates exports fell to $3.4M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 8%. As a result, the exports reached the peak of $3.5M, and then dropped in the following year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Russia in 2022:

1. Belarus (207.3 tons)
2. Kazakhstan (41.6 tons)
3. Ukraine (14.2 tons)
4. Georgia (10.9 tons)

Source: IndexBox Market Intelligence Platform