Russia Anisole Market Outlook

russia is emerging as a major producer of anisole in the world and is also playing an increasingly important role in the global market. over the next decade, the country is expected to slowly increase its share of the market due to its increasing production of anisole, expansion of anisole based industries and emerging export opportunities. in 2018, russia produced over 7,000 metric tons of anisole, which made it the 5th largest producer of this chemical in the world. looking into the future, the demand for anisole is expected to increase both domestically as well as in export markets. this can be attributed to the fact that the majority of its uses in pharmaceutical, food and beverage and polymer industries are growing at a rapid rate. in terms of price, anisole is expected to be more expensive in the coming years owing to significant increases in production cost. moreover, the introduction of new regulations in the domestic market and the possibility of stringent export regulations could further limit the availability of anisole in the market. in terms of availability, it can be expected that russia would continue to be the main supplier of anisole in the foreseeable future despite already facing competition from neighboring countries, such as the ukraine, belarus and kazakhstan. the country’s central location provides it with an advantage as transportation is relatively easier for exporting the product. despite the current challenges in the market, russia is well-positioned to become a major player and has already established itself as a reliable source of anisole. the country’s expanding production, access to raw materials, aging population, as well as its access to foreign markets are all factors which could lead to a better outlook for the anisole market in the long term.