Russian Federation - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilicone Price in Russia - 2022
Contents:
- Silicone Price in Russia (CIF) - 2022
- Silicone Price in Russia (FOB) - 2022
- Silicone Imports in Russia
- Silicone Exports in Russia
Silicone Price in Russia (CIF) - 2022
The average silicone import price stood at $7,012 per ton in January 2022, growing by 1.9% against the previous month. In general, import price indicated notable growth from January 2021 to January 2022: its price increased at an average monthly rate of +4.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, silicone import price increased by +42.9% against August 2021 indices. The most prominent rate of growth was recorded in December 2021 an increase of 21% month-to-month. Over the period under review, average import prices hit record highs in January 2022.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was the United States ($17,266 per ton), while the price for Finland ($2,693 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 the UK (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicone Price in Russia (FOB) - 2022
The average silicone export price stood at $5,086 per ton in 2022, waning by -18.7% against the previous year. In general, the export price saw a mild descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices hit record highs at $11,188 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($11,545 per ton), while the average price for exports to Kazakhstan ($1,863 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 Belarus (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Silicone Imports in Russia
In 2022, the amount of silicones (in primary forms) imported into Russia surged to 42K tons, picking up by 49% on the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicone imports surged to $226M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicone in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.8 | 22.2 | 46.2 | 70.1 | 31.5% |
| Germany | 39.1 | 38.0 | 36.9 | 17.8 | -23.1% |
| United Kingdom | 7.4 | 6.9 | 9.0 | 4.5 | -15.3% |
| Belgium | 5.8 | 7.1 | 7.6 | 4.5 | -8.1% |
| United States | 9.8 | 7.3 | 10.3 | 3.9 | -26.4% |
| Belarus | 0.2 | 0.4 | 1.1 | 3.6 | 162.1% |
| Turkey | 2.4 | 2.0 | 3.1 | 2.6 | 2.7% |
| Finland | 2.5 | 2.5 | 3.5 | 1.5 | -15.7% |
| France | 2.5 | 2.0 | 4.3 | 1.4 | -17.6% |
| Others | 13.9 | 12.8 | 19.2 | 116 | 102.8% |
| Total | 114 | 101 | 141 | 226 | 25.6% |
Top Suppliers of Silicone to Russia in 2022:
- China (15.8K tons)
- Germany (3.6K tons)
- Belgium (1.4K tons)
- Belarus (1.0K tons)
- United Kingdom (0.9K tons)
- Finland (0.8K tons)
- Turkey (0.6K tons)
- France (0.4K tons)
- United States (0.3K tons)
Silicone Exports in Russia
In 2022, silicone exports from Russia surged to 1.7K tons, picking up by 22% compared with the previous year. The total export volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, silicone exports reduced modestly to $8.6M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $8.7M, and then declined slightly in the following year.
| Export of Silicone in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 3,765 | 2,457 | 3,672 | 4,988 | 9.8% |
| China | 199 | 1,488 | 1,942 | 1,887 | 111.7% |
| Kazakhstan | 911 | 611 | 1,035 | 467 | -20.0% |
| Armenia | 26.1 | 49.9 | 54.9 | 98.5 | 55.7% |
| Uzbekistan | 98.2 | 292 | 193 | 58.4 | -15.9% |
| Turkmenistan | 398 | 1,041 | 0.8 | N/A | -95.5% |
| Lithuania | 156 | 175 | 21.1 | N/A | -63.2% |
| Czech Republic | 595 | 69.1 | 822 | N/A | 17.5% |
| Others | 1,007 | 679 | 915 | 1,058 | 1.7% |
| Total | 7,156 | 6,862 | 8,656 | 8,557 | 6.1% |
Top Export Markets for Silicone from Russia in 2022:
- Belarus (685.9 tons)
- Kazakhstan (250.8 tons)
- China (163.4 tons)
- Armenia (25.2 tons)
- Uzbekistan (4.7 tons)
This report provides an in-depth analysis of the silicone 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 20165700 - Silicones, in primary forms
Country coverage:
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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