Key Market Indicators
Russian Aromatics Export is projected to decline to approximately $6,100 by 2028, down from around $7,100 in 2023. This marks an average annual decrease of 2.2%. Despite this recent downturn, Russian supply had seen a significant rise of 15.9% year on year since 2001. In 2023, Russia ranked 28th in aromatic exports, with Lithuania surpassing it at $7,100. In the global ranking, China, India, and Japan held the second, third, and fourth positions, respectively. Conversely, Russian Aromatics Import is expected to climb to roughly $232,800 by 2028, up from approximately $187,500 in 2023. This indicates an average annual growth rate of 3.4%. Since 2001, Russian demand for aromatics has increased by an average of 4.8% each year.
