Aldehyde-function compounds market in Russia

Earlier Report Observations

The market volume for aldehyde-function compounds in Russia showed significant fluctuations between 2018 and 2024. Starting at 969 thousand tonnes in 2018, it declined to 859 thousand tonnes by 2020, then recovered sharply to 977 thousand tonnes in 2021. This was followed by another contraction in 2022, with the market dropping to 854 thousand tonnes.

A new phase of growth began in 2023, reaching 893 thousand tonnes, and accelerated in 2024 to a peak of 1 046 thousand tonnes. The market decline in 2022 occurred alongside the implementation of a revised Eurasian Economic Union commodity code system and the expansion of mandatory digital product labeling with electronic document flow, which introduced new administrative procedures for market participants.

Production aldehyde-function compounds in Russia

In kind, 2018-2021, K t

Russia's production of aldehyde-function compounds increased after two years of decline. In 2020, production reached its lowest point at 872 K t, with the largest decline of 8.3% recorded that year. By 2021, production had rebounded to 993 K t, marking a 13.9% year-over-year increase.

Annual dynamics of production in Russia in kind, 2018-2021, K t

Exports aldehyde-function compounds from Russia

Exports in kind, t

Russia's exports of aldehyde-function compounds declined for the third consecutive year. Between 2018 and 2021, exports decreased by 14.4%, equivalent to an annualized rate of 5.1%. In 2021, exports totaled 20 511 t, showing a slight decline of 1.2% compared to the previous year.

Annual dynamics of product's exports from Russia in kind, 2018-2021, t

From 2018 to 2021, the main markets for Russia's aldehyde-function compounds exports in kind were Latvia (43.1% of exports), Uzbekistan (18.5% of exports), and Turkey (11.3% of exports). Together, these three countries accounted for 72.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Russia in kind, 2018-2021

Exports in value, K $ US

Russia's exports of aldehyde-function compounds in value terms increased after two years of losses. In 2020, exports hit their lowest point at 7 067 K $ US, with the largest decline of 21.0% recorded that year. By 2021, exports had risen to 7 808 K $ US, representing a significant 10.5% year-over-year advance. However, between 2018 and 2021, overall exports decreased by 19.6%, equating to an annualized rate of 7.0%.

Annual dynamics of product's exports from Russia in value, 2018-2021, K $ US

From 2018 to 2021, the key partners for Russia's aldehyde-function compounds exports in value terms were Turkey (33.8% of exports), Latvia (26.4% of exports), and Uzbekistan (13.2% of exports). Collectively, these three countries represented 73.4% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Russia in value, 2018-2021

Imports aldehyde-function compounds to Russia

Imports in kind, t

Russia's imports of aldehyde-function compounds in kind declined for the third consecutive year. Between 2018 and 2021, imports decreased by 44.8%, equivalent to an annualized rate of 18.0%. In 2021, imports amounted to 5 085 t, reflecting a solid decrease of 18.0% from the previous year.

Annual dynamics of product's imports to Russia in kind, 2018-2021, t

From 2018 to 2021, the primary sources for Russia's aldehyde-function compounds imports in kind were Spain (37.5% of imports), China (21.1% of imports), and Germany (19.2% of imports). Together, these three countries accounted for 77.8% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Russia in kind, 2018-2021

Imports in value, K $ US

Russia's imports of aldehyde-function compounds in value terms increased for the second consecutive year. In 2019, imports reached their lowest point at 15 114 K $ US, with the largest decline of 10.3% recorded that year. By 2021, imports had grown to 15 953 K $ US, which is 4.6% higher than the previous year. Over the period from 2018 to 2021, overall imports decreased by 5.3%, with a compound annual growth rate of 1.8%.

Annual dynamics of product's imports to Russia in value, 2018-2021, K $ US

From 2018 to 2021, the core sources for Russia's aldehyde-function compounds imports in value terms were China (37.8% of imports), Spain (14.2% of imports), and Germany (11.8% of imports). Together, these three countries accounted for 63.8% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Russia in value, 2018-2021