Saturated acyclic monocarboxylic acids and derivatives market in Russia

Earlier Report Observations

Starting at 301 thousand tonnes in 2018, the market for saturated acyclic monocarboxylic acids and derivatives in Russia saw production capacity expansion and the launch of new large-scale facilities. However, supply chain disruptions from the COVID-19 pandemic contributed to a contraction, with the market falling to 288 thousand tonnes by 2020.

A sustained recovery began in 2021, driven by sanctions and geopolitical tensions that accelerated import substitution and boosted domestic production. Investments in local plants, including new large-scale facilities, and active state company participation helped lift the market volume to 444 thousand tonnes by 2024.

Production saturated acyclic monocarboxylic acids and derivatives in Russia

In kind, 2018-2021, K t

In 2021, Russia produced 294.4 thousand tons of saturated acyclic monocarboxylic acids and derivatives, representing a 1.7% increase compared to the previous year. The largest decline occurred in 2020, with a decrease of 0.2%.

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

Exports saturated acyclic monocarboxylic acids and derivatives from Russia

Exports in kind, K t

Russia's exports of saturated acyclic monocarboxylic acids and derivatives declined for the second consecutive year. In 2021, exports reached 86.8 thousand tons, reflecting a significant year-over-year decrease of 23.0%. Over the period from 2018 to 2021, exports decreased by 7.3%, with a compound annual growth rate of 2.5%. The maximum export volume was recorded in 2019 at 117.0 thousand tons, which also saw the largest increase of 25.0%.

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

From 2018 to 2021, Turkey, the Netherlands, and Finland were the largest contributors to Russia's exports of saturated acyclic monocarboxylic acids and derivatives in volume terms. Turkey accounted for 35.8% of exports, the Netherlands for 10.3%, and Finland for 8.8%. Together, these three countries represented 55.0% 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, M $ US

There were noticeable fluctuations in market performance during this period. The lowest value was recorded in 2020 at 69.4 million US dollars, while the highest occurred in 2021 at 134.1 million US dollars, indicating a sharp rise of 93.4% compared to 2020. The peak-to-trough ratio between these years was 1.9 times. The largest decline was recorded in 2020, with a decrease of 13.5%.

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

Throughout 2018 to 2021, Turkey, the Netherlands, and Czechia remained the key destinations for Russia's exports of saturated acyclic monocarboxylic acids and derivatives in value terms. Turkey accounted for 30.3% of exports, the Netherlands for 13.4%, and Czechia for 6.9%. Collectively, these three countries represented 50.5% 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 saturated acyclic monocarboxylic acids and derivatives to Russia

Imports in kind, K t

In 2021, Russia imported 105.0 thousand tons of saturated acyclic monocarboxylic acids and derivatives, marking a measured increase of 7.7% compared to 2020. Over the period from 2018 to 2021, imports increased by 7.1%, equating to an annualized rate of 2.3%. The minimum import volume was recorded in 2020 at 105.0 thousand tons, while the maximum was in 2019 at 126.7 thousand tons. The largest decline occurred in 2020 with a decrease of 17.1%, and the largest increase was in 2019 with a rise of 19.9%.

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

From 2018 to 2021, China, Germany, and India stood out as the main markets for Russia's imports of saturated acyclic monocarboxylic acids and derivatives in volume terms. China accounted for 50.2% of imports, Germany for 12.9%, and India for 9.2%. Together, these three countries represented 72.3% 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, M $ US

After a two-year decline, Russia's imports of saturated acyclic monocarboxylic acids and derivatives increased in 2021. The country imported approximately 171.7 million US dollars worth of these products, reflecting a steep uptick of 55.6% compared to the previous year. Over the period from 2018 to 2021, imports increased by 25.8%, equating to an annualized rate of 8.0%. The minimum value was recorded in 2020 at 110.4 million US dollars, with the largest decline that year at 13.4%.

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

In the period from 2018 to 2021, China, Germany, and India were the main markets for Russia's imports of saturated acyclic monocarboxylic acids and derivatives in value terms. China accounted for 35.6% of imports, Germany for 17.8%, and India for 9.0%. Together, these three countries accounted for 62.5% 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