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Chemical industry in Russia
Main article: Chemical industry in Russia
2023: Which countries lead in chemical sales
Due to the high demand for products, the global chemical industry is developing on an upward trend. The biggest player in the global market is China, which accounts for almost half of total output. Data on the industry are given in the review of the audit and consulting group "Business Profile," published on December 29, 2023.
It is noted that in 2019-2020. amid the COVID-19 pandemic, the production of chemical and petrochemical products in the world decreased by 8.6%. Then, as the global economy recovered, demand for goods began to grow: global industrial production increased by an average of 7.2% annually (until 2023). It is expected that by 2027 the volume of the industry will reach $7 trillion.
The market expansion is driven by various factors, including a growing consumer base, increasing demand for plastics and products for the automotive industry. In addition, the development of oil production and processing activities is observed. Asia is the fastest growing region due to factors such as infrastructure construction and industrialization.
At the end of 2022, China accounted for approximately 44.6% of the global revenues of the chemical industry. In second place is the European Union with a share of about 14.7%. The US closes the top three with 12.8%. Russia is in the top ten (8th place in the world) with a share of approximately 1.8%.
The study notes that the chemical industry of the EU countries is experiencing a crisis due to the current geopolitical situation, and the utilization of production capacity is below normal. In the first half of 2023, the volume of chemical production in Europe decreased by 13.5% compared to the same period of the previous year.[1]
2022: Global ammonia production down 2.6% to 175.9 million tonnes
In 2022, 175.9 million tons of ammonia were produced worldwide, which is 2.6% less than a year earlier. This is evidenced by data from BusinesStat analysts, released in August 2023.
According to experts, the growth in ammonia production 2018-2020. replaced by stagnation in 2021 and a fall in 2022. The energy crisis in Europe and the rise in natural gas prices already in 2021 led to a decrease in ammonia production by European producers. In 2022, the situation was aggravated by the Russian-Ukrainian conflict, the restriction of Russian gas supplies to Europe, the shutdown of the Togliatti-Odessa pipeline, the refusal of the Baltic ports and world transport companies to work with Russian cargo, the report says.
In mid-2022, after another jump in natural gas prices in To Europe(the price of natural gas TTF rose above 2 thousand euros per thousand m3), CF Industries Holdings Great Britain (), Nitrogenmuvek (), Hungary BASF (), Germany Achema (), Yara Lithuania (), Grupa Norway Azoty and Anwil (), Borealis () announced a decrease in production or closure of plants. Poland France
According to analysts, in 2022 Russia lost all the main transport channels for ammonia exports. Ammonia pumping through the Togliatti-Odessa pipeline stopped, which ensured the transit of most of the Russian products to the port of Odessa for further delivery by sea to European and Asian customers. Property of companies from Russia, located in the Baltic ports, also used to ship ammonia for export by sea, was seized. As a result, Russian ammonia producers focused on exports of products were forced to reduce production volumes, according to BusinesStat.[2]
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