Petroleum coke market in Russia, 2026

Earlier Report Observations

The volume of the petroleum coke market in Russia from 2018 to 2023 was shaped by a combination of external shocks and domestic production factors. The market grew from 2 988 K t in 2018 to 3 385 K t in 2019, supported by an increase in domestic production. However, in 2020, market volume fell to 2 884 K t due to the suspension of consumer enterprises during the COVID-19 pandemic. The subsequent recovery to 3 206 K t in 2021 was linked to the resumption of economic activity after restrictions eased.

In 2022, market volume reached 3 398 K t, bolstered by production stabilization and adaptation to sanction pressure, which affected logistics and exports throughout the period. By 2023, the market declined to 3 182 K t as a significant rise in exports diverted product away from the domestic market. Simultaneously, the development of needle coke production at the Omsk refinery, initiated back in 2015, expanded the product range, while state procurement under laws 44-FZ and 223-FZ continued to influence the distribution of petroleum coke.

Production petroleum coke in Russia

In kind, 2017-2020, K t

Russia's petroleum coke production has grown for the third consecutive year. In 2020, production reached 4,165 thousand tonnes, marking a controlled increase of 4.9% compared to 2019. Over the period from 2017 to 2020, production rose by 11.7%, which translates to an average annual growth rate of 3.8%.

Annual dynamics of production in Russia in kind, 2017-2020, K t

Exports petroleum coke from Russia

Exports in kind, K t

In 2020, Russia's petroleum coke exports reached 1,583 thousand tonnes, representing a significant year-on-year increase of 57.3%. Between 2017 and 2020, exports grew by 33.5%, with an average annual rate of 10.1%. The lowest export volume was recorded in 2019 at 1,006 thousand tonnes, which also saw the largest decline of 22.7%.

Annual dynamics of product's exports from Russia in kind, 2017-2020, K t

From 2017 to 2020, China, Kazakhstan, and Turkey were the leading destinations for Russia's petroleum coke exports in volume terms. China accounted for 38.6% of exports, Kazakhstan for 12.9%, and Turkey for 8.7%. Together, these three countries represented 60.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Russia in kind, 2017-2020

Exports in value, M $ US

The market showed an unstable trend during this period. Exports in value terms peaked in 2018 at 144.2 million US dollars and hit their lowest point in 2017, with a 1.8-fold difference between these years. In 2020, Russia exported 114.1 million US dollars worth of petroleum coke, down 3.3% from the previous year. The largest decline occurred in 2019 at 18.2%, while the largest increase was in 2018 at 81.2%.

Annual dynamics of product's exports from Russia in value, 2017-2020, M $ US

From 2017 to 2020, China, Kazakhstan, and the Netherlands were the top buyers of Russian petroleum coke in value terms. China held a 34.7% share, Kazakhstan 27.4%, and the Netherlands 6.2%. Combined, these countries accounted for 68.3% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Russia in value, 2017-2020

Imports petroleum coke to Russia

Imports in kind, K t

After two years of growth, Russia's petroleum coke imports declined. In 2020, imports totaled 292 thousand tonnes, a decrease of 31.9% compared to the previous year. Over the 2017-2020 period, imports fell by 25%, with an average annual decline of 9.2%. The highest import volume was in 2019 at 428 thousand tonnes, while the largest increase was in 2018 at 7.8%.

Annual dynamics of product's imports to Russia in kind, 2017-2020, K t

Between 2017 and 2020, Azerbaijan and Kazakhstan were the dominant sources for Russia's petroleum coke imports in volume terms, jointly accounting for 81.9% of total flows, with the remainder coming from other markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Russia in kind, 2017-2020

Imports in value, M $ US

The market exhibited an unstable trend throughout this timeframe. Imports in value terms reached their peak in 2019 at 344.3 million US dollars and their lowest point in 2017, with a 3.4-fold gap between these years. In 2020, imports amounted to 127.2 million US dollars, a sharp decline of 63.1% from the previous year. The largest increase was recorded in 2018 at 131.8%.

Annual dynamics of product's imports to Russia in value, 2017-2020, M $ US

From 2017 to 2020, China, Azerbaijan, and Kazakhstan were the leading suppliers of petroleum coke to Russia in value terms. China accounted for 35.2% of imports, Azerbaijan for 25.8%, and Kazakhstan for 19.1%. Together, these three countries made up 80.1% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Russia in value, 2017-2020