Russian Federation: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in the Russian Federation

In 2021, after three years of decline, there was significant growth in the Russian articles of zinc market, when its value increased by 12% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Articles Of Zinc Production in the Russian Federation

In value terms, articles of zinc production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Articles Of Zinc Exports

Exports from the Russian Federation

In 2021, approx. X tons of articles of zinc were exported from Russia; waning by -3.3% against 2020. Over the period under review, exports, however, recorded moderate growth. The growth pace was the most rapid in 2017 when exports increased by 137%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of zinc exports soared to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 119%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Belarus (X tons) was the main destination for articles of zinc exports from Russia, with a 65% share of total exports. Moreover, articles of zinc exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Kyrgyzstan (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+0.2% per year) and Kyrgyzstan (+8.4% per year).

In value terms, Belarus ($X) remains the key foreign market for articles of zinc exports from Russia, comprising 61% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 28% share of total exports. It was followed by Armenia, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Belarus totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+4.9% per year) and Armenia (+114.0% per year).

Export Prices by Country

In 2021, the average articles of zinc export price amounted to $X per ton, with an increase of 44% against the previous year. Overall, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, articles of zinc export price increased by +110.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Kyrgyzstan ($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 Armenia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into the Russian Federation

In 2021, approx. X tons of articles of zinc were imported into Russia; rising by 163% on the previous year's figure. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, articles of zinc imports surged to $X in 2021. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest articles of zinc supplier to Russia, with a 51% share of total imports. Moreover, articles of zinc imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and China (-1.4% per year).

In value terms, Turkey ($X), Germany ($X) and China ($X) were the largest articles of zinc suppliers to Russia, with a combined 64% share of total imports. These countries were followed by Austria, Slovakia, Poland and Hungary, which together accounted for a further 16%.

Hungary, with a CAGR of +85.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average articles of zinc import price stood at $X per ton in 2021, declining by -36% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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