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Financial Analytics: Science and Experience
 

Substantiation of industry priorities for import substitution of technologies and products (the polymer industry case)

Vol. 16, Iss. 4, DECEMBER 2023

Received: 27 July 2023

Received in revised form: 8 August 2023

Accepted: 19 August 2023

Available online: 30 November 2023

Subject Heading: MONITORING OF ECONOMIC PROCESSES

JEL Classification: L65, O14, O25

Pages: 431–449

https://doi.org/10.24891/fa.16.4.431

Leisan R. ABZALILOVA Kazan National Research Technological University (KNRTU), Kazan, Republic of Tatarstan, Russian Federation
a_leisan@mail.ru

https://orcid.org/0000-0003-1063-3779

Ol'ga V. YAKIMOVA Kazan National Research Technological University (KNRTU), Kazan, Republic of Tatarstan, Russian Federation
olga@tnhi.ru

https://orcid.org/0000-0001-5603-6772

Subject. The article considers the results and prospects for implementation of import substitution policy in the polymer industry.
Objectives. The purpose is to develop conceptual provisions for implementation of import substitution policy in the polymer industry, based on the process periodization and imported product evaluation.
Methods. The first stage of the study rests on methods of content analysis and periodization to feature the characteristics and form a vision of main stages of the import substitution policy implementation in Russia. The second stage is associated with adaptation and application of methods of ABC/XYZ analysis and calculation of apparent consumption to study the product lines of polymer imports based on indicators characterizing the structure and dynamics of polymer imports.
Results. The paper highlights factors determining the effectiveness of import substitution policy implementation in Russia’s polymer industry in modern conditions. It presents the main stages of the policy implementation, including the vision of future stages in terms of development of competitiveness of domestic technologies and products at the global level. We investigated product lines of polymer imports, defined priority segments, identified criteria and key actions for effective implementation of import substitution policy in Russia.
Conclusions. The formulated conceptual provisions may become a guideline in elaboration of strategic and program documents for the chemical industry development, serve as additional justification for investment decisions and government support allocation.

Keywords: import substitution, polymer industry, medium-tonnage chemistry, low-tonnage chemistry

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