Russian Federation: Abrasives Market 2024

Abrasives Market Size in the Russian Federation

In 2021, the Russian abrasives market increased by 16% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Abrasives Production in the Russian Federation

In value terms, abrasives production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 40%. Abrasives production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Abrasives Exports

Exports from the Russian Federation

Abrasives exports from Russia surged to X tons in 2021, rising by 95% compared with 2020. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 202%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, abrasives exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 182% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X tons) was the main destination for abrasives exports from Russia, with a 87% share of total exports. Moreover, abrasives exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled +68.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+11.2% per year) and Uzbekistan (+1.6% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for abrasives (natural) exports from Russia, comprising 88% of total exports. The second position in the ranking was held by Belarus ($X), with an 8.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan stood at +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+6.7% per year) and Uzbekistan (+1.9% per year).

Export Prices by Country

The average abrasives export price stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 49%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Abrasives Imports

Imports into the Russian Federation

For the fourth year in a row, Russia recorded growth in purchases abroad of abrasives (natural), which increased by 25% to X tons in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.9% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 50%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, abrasives imports skyrocketed to $X in 2021. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Australia (X tons) and India (X tons) were the main suppliers of abrasives imports to Russia, together accounting for 81% of total imports. South Africa, the United Arab Emirates, Kazakhstan and Ukraine lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +99.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and India ($X) were the largest abrasives suppliers to Russia, with a combined 80% share of total imports. South Africa, Kazakhstan, the United Arab Emirates and Ukraine lagged somewhat behind, together accounting for a further 15%.

South Africa, with a CAGR of +127.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average abrasives import price amounted to $X per ton, increasing by 17% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, abrasives import price increased by +58.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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