Russian Federation - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in Russia - 2022
Contents:
- Iron and Steel Price in Russia (FOB) - 2022
- Iron and Steel Price in Russia (CIF) - 2022
- Iron and Steel Exports in Russia
- Iron and Steel Imports in Russia
Iron and Steel Price in Russia (FOB) - 2022
In January 2022, the average iron and steel export price amounted to $527 per ton, stabilizing at the previous month. In general, export price indicated a tangible expansion from January 2021 to January 2022: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, iron and steel export price decreased by -17.4% against August 2021 indices. The pace of growth was the most pronounced in July 2021 an increase of 18% m-o-m. Over the period under review, the average export prices reached the maximum at $638 per ton in August 2021; however, from September 2021 to January 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In January 2022, the highest price was recorded for prices to Belarus ($711 per ton) and the United States ($522 per ton), while the average price for exports to Turkey ($492 per ton) and the United Arab Emirates ($500 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Iron and Steel Price in Russia (CIF) - 2022
In 2022, the average iron and steel import price amounted to $357 per ton, falling by -35.2% against the previous year. In general, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 75%. Over the period under review, average import prices attained the maximum at $890 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,627 per ton), while the price for Ukraine ($232 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.1%), while the prices for the other major suppliers experienced a decline.
Iron and Steel Exports in Russia
After two years of decline, shipments abroad of iron and steel increased by 3.1% to 4.1M tons in 2022. In general, exports, however, recorded a slight reduction.
In value terms, iron and steel exports fell significantly to $1.7B in 2022. Overall, total exports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports attained the peak of $2B, and then shrank dramatically in the following year.
| Export of Iron and Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 589 | 417 | 968 | 43.7 | -58.0% |
| Italy | 224 | 196 | 172 | 23.0 | -53.2% |
| Belarus | 42.9 | 28.6 | 61.7 | 5.3 | -50.2% |
| United Arab Emirates | N/A | N/A | 18.2 | 3.5 | -80.8% |
| China | 108 | 230 | 166 | 2.5 | -71.5% |
| Turkey | 234 | 339 | 366 | 2.0 | -79.6% |
| Poland | 39.7 | 29.7 | 54.1 | 0.4 | -78.4% |
| South Korea | 43.1 | 24.3 | 41.8 | N/A | -1.5% |
| Others | 162 | 43.1 | 149 | 1,572 | 113.3% |
| Total | 1,443 | 1,307 | 1,997 | 1,652 | 4.6% |
Top Export Markets for Iron and Steel from Russia in 2022:
- United States (83.7K tons)
- Italy (45.1K tons)
- Belarus (7.5K tons)
- United Arab Emirates (7.0K tons)
- China (4.8K tons)
- Turkey (4.0K tons)
- Poland (0.7K tons)
Iron and Steel Imports in Russia
In 2022, supplies from abroad of iron and steel was finally on the rise to reach 5.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a dramatic decline.
In value terms, iron and steel imports skyrocketed to $2M in 2022. In general, imports, however, faced a significant decline.
| Import of Iron and Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.3 | 0.5 | 0.3 | 14.5% |
| Germany | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Ukraine | 12.7 | 2.4 | 0.3 | N/A | -84.6% |
| Others | N/A | N/A | N/A | 1.6 | 0% |
| Total | 13.2 | 3.0 | 1.1 | 2.0 | -46.7% |
Top Suppliers of Iron and Steel to Russia in 2022:
- Germany (undefinedK tons)
- China (0.4K tons)
- Ukraine (0.2K tons)
This report provides an in-depth analysis of the iron and steel market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the global iron and steel market.
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