Petroleum jelly and mineral waxes market in Russia, 2026

Earlier Report Observations

The market for petroleum jelly and mineral waxes in Russia showed considerable volatility between 2018 and 2023. Starting at 177.8 thousand tons in 2018, domestic consumption rose to 187.9 thousand tons in 2019 before contracting to 163.7 thousand tons in 2020. A sharp recovery followed, with the market expanding to 211.5 thousand tons in 2021 and peaking at 225.8 thousand tons in 2022. However, 2023 brought a dramatic decline, with the market size falling to 137.4 thousand tons.

These fluctuations were mirrored in production figures, which reached a high of 376.7 thousand tons in 2021 before dropping to 174.0 thousand tons in 2023. Trade flows also shifted significantly, with exports falling from over 160 thousand tons in the earlier period to just 39.4 thousand tons in 2023, while imports remained a minor factor, decreasing from 4.1 thousand tons to 2.0 thousand tons over the period.

Production petroleum jelly and mineral waxes in Russia

In kind, 2017-2020, K t

In 2020, Russia produced 326.5 thousand tons of petroleum jelly and mineral waxes, marking a 5.1% decrease from the previous year. Looking at the period from 2017 to 2020, production declined by 3.3%, which translates to an average annual rate of 1.1%. The lowest production level was recorded in 2018 at 322.9 thousand tons, while the peak occurred in 2019 with 343.9 thousand tons. The most significant year-on-year increase was observed in 2019, when production rose by 6.5%.

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

Exports petroleum jelly and mineral waxes from Russia

Exports in kind, K t

Russia's cross-border shipments of petroleum jelly and mineral waxes have grown for the second consecutive year. In 2020, exports reached 169.4 thousand tons, reflecting a moderate increase of 5.8% compared to 2019. Over the 2017-2020 period, exports rose by 3.2%, with a compound annual growth rate of 1.1%. The lowest export volume was recorded in 2018 at 151.6 thousand tons, which also saw the largest decline of 7.6% that year.

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

From 2017 to 2020, Poland, Belarus, and Lithuania were the primary buyers of petroleum jelly and mineral waxes from Russia. Poland accounted for 56.3% of exports in kind, Belarus for 8.9%, and Lithuania for 8.4%. Together, these three countries represented 73.6% of Russia's total exports in kind during this period.

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

In 2020, Russia's exports of petroleum jelly and mineral waxes amounted to 102.8 million US dollars, showing a 10.5% drop from 2019. Between 2017 and 2020, exports decreased by 13.9%, equating to an average annual decline of 4.9%. The largest increase in export value was recorded in 2019, with a modest rise of 0.3%.

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

During the 2017-2020 period, Poland, Belarus, and Lithuania contributed the most to Russia's export value of petroleum jelly and mineral waxes. Poland represented 54.0% of exports in value terms, Belarus 8.3%, and Lithuania 8.0%. Collectively, these three markets accounted for 70.2% of total export flows.

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 jelly and mineral waxes to Russia

Imports in kind, K t

In 2020, Russia's imports of petroleum jelly and mineral waxes totaled 4.1 thousand tons, indicating a moderate uptick of 6.1% from the previous year. Over the 2017-2020 span, imports increased by 7.9%, with a compound annual growth rate of 2.6%. The largest decline occurred in 2019, with a 5.0% decrease, while the most significant increase was in 2018, at 7.0%.

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

From 2017 to 2020, Italy, Germany, and the Netherlands were the main sources of petroleum jelly and mineral waxes imports to Russia. Italy accounted for 25.6% of imports in kind, Germany for 19.0%, and the Netherlands for 9.7%. Together, these three countries made up 54.3% of total import flows in kind.

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

In 2020, Russia's imports of petroleum jelly and mineral waxes reached 10.3 million US dollars, representing a strong increase of 12.0% compared to the previous year. Over the 2017-2020 period, imports grew by 15.5%, with a compound annual growth rate of 4.9%. The largest decline was in 2019, with a 9.6% drop, while the most significant increase was in 2018, at 14.0%.

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

Throughout 2017-2020, Italy, Germany, and the Netherlands remained the key markets for Russia's imports of petroleum jelly and mineral waxes in value terms. These three countries collectively accounted for 52.8% of total import flows.

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

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