Russian Federation: Market for Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) 2024

Market Size for Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) in the Russian Federation

In 2023, the Russian market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a prominent increase. Consumption of peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Exports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)

Exports from the Russian Federation

In 2023, approx. X tons of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) were exported from Russia; jumping by X% against 2022 figures. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) totaled $X in 2023. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) from Russia, with a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Slovakia was relatively modest.

In value terms, Slovakia ($X) emerged as the key foreign market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) exports from Russia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Slovakia was relatively modest.

Export Prices by Country

The average export price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovakia amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)

Imports into the Russian Federation

In 2023, overseas purchases of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) skyrocketed to $X in 2023. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports of reached the maximum in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, China (X tons) was the main supplier of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols to Russia, accounting for a X% share of total imports. Moreover, imports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Poland (X kg) ranked third in terms of total imports with less than X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Poland (X% per year).

In value terms, China ($X) constituted the largest supplier of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) to Russia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Poland, with less than X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average import price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price recorded a measured increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform