Ketones, quinones and their derivatives market in Russia

Earlier Report Observations

Between 2018 and 2021, Russian production of ketones and quinones grew by 30% to 168 thousand tons, while market volume increased more moderately to 107 thousand tons. This expansion occurred alongside the stable operations of key state-owned and private companies such as ООО 'КИБИХ' and ООО 'ФАРУС-СИНТЕЗ', with no major regulatory or structural shifts reported. The COVID-19 pandemic in 2020 influenced market conditions but did not lead to specific measures that altered production or consumption trends.

From 2022 onward, the market dynamics shifted: production fell to 145 thousand tons, yet market volume surged by 23% to 131 thousand tons, largely due to a sharp contraction in exports from 67 thousand tons to 24 thousand tons. In 2023-2024, production recovered and stabilized at 153-159 thousand tons, while market volume continued its ascent, reaching 158 thousand tons in 2024. Throughout this period, the market saw no launch of major new production facilities or significant changes in product segments, with established players maintaining their activities.

Production ketones, quinones and their derivatives in Russia

In kind, 2018-2021, K t

Russia's production of ketones, quinones, and their derivatives has grown for the third year in a row. In 2021, the country produced 168.3 thousand tons of these chemicals, marking a solid 12.7% increase from 2020. Looking at the period from 2018 to 2021, production rose by 30.2%, with an average annual growth rate of 9.2%.

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

Exports ketones, quinones and their derivatives from Russia

Exports in kind, t

Exports of ketones, quinones, and their derivatives from Russia have increased for the third consecutive year. In 2021, shipments abroad reached 66 458 tons, up 24.5% from 2020. Over the 2018-2021 period, exports grew by 78.3%, with a compound annual growth rate of 21.3%.

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

From 2018 to 2021, the Netherlands, Belarus, and Turkey were the key partners for Russia's exports in kind. The Netherlands accounted for 32.9% of exports, Belarus for 25.5%, and Turkey for 14.6%, together making up 73.1% of total 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

The data shows irregular changes, pointing to a volatile market environment. The lowest export value was recorded in 2019 at 24 347 thousand US dollars, with the largest decline that year at 19.0%. Exports then peaked in 2021, reaching 50 512 thousand US dollars, a 104.6% year-on-year gain. The gap between the 2019 trough and 2021 peak was 2.1-fold.

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

Between 2018 and 2021, the Netherlands, Belarus, and Turkey were the principal destinations for Russia's exports in value terms. The Netherlands held 35.0% of exports, Belarus 30.2%, and Turkey 10.8%, collectively accounting for 76.0% of total 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 ketones, quinones and their derivatives to Russia

Imports in kind, t

Russia's imports of ketones, quinones, and their derivatives have risen for the third year in a row. In 2021, the country imported 7 459 tons, showing a small uptick of 1.1% compared to the previous year. From 2018 to 2021, imports increased by 6%, with an average annual growth rate of 2.0%.

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

During 2018-2021, China, Germany, and the United States accounted for the largest share of Russia's imports in kind. China made up 46.0% of imports, Germany 18.8%, and the United States 7.6%, together comprising 72.5% of total 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

Imports of ketones, quinones, and their derivatives into Russia have increased for the second consecutive year. In 2021, imports amounted to 40 868 thousand US dollars, indicating a 30.9% advance compared with 2020. The minimum value was recorded in 2019 at 29 015 thousand US dollars, with the largest decline that year at 5.2%. Between 2018 and 2021, imports grew by 33.5%, equating to a 10.1% annualized rate.

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

Throughout 2018-2021, China, the United States, and Germany remained the three largest markets for Russia's imports in value terms, together taking 76.4% of total flows.

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

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