Russian Federation: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in the Russian Federation

In 2021, after two years of decline, there was significant growth in the Russian base metal flexible tubing market, when its value increased by 11% to $X. In general, consumption, however, showed a noticeable reduction. Base metal flexible tubing consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel in the Russian Federation

In value terms, base metal flexible tubing production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible curtailment. Base metal flexible tubing production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from the Russian Federation

Base metal flexible tubing exports from Russia declined to X tons in 2021, reducing by -9.9% compared with 2020. In general, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2017 when exports increased by 114%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, base metal flexible tubing exports skyrocketed to $X in 2021. Overall, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 125% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Chile (X tons) were the main destinations of base metal flexible tubing exports from Russia, together comprising 73% of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +1,516.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Chile ($X) constituted the largest markets for base metal flexible tubing exported from Russia worldwide, with a combined 73% share of total exports.

Chile, with a CAGR of +2,378.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2021, jumping by 51% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kazakhstan ($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 Chile (+53.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into the Russian Federation

In 2021, approx. X tons of base metal flexible tubing, iron or steel were imported into Russia; increasing by 5.2% compared with 2020 figures. In general, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, base metal flexible tubing imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 49% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal flexible tubing to Russia, accounting for a 30% share of total imports. Moreover, base metal flexible tubing imports from China exceeded the figures recorded by the second-largest supplier, Serbia (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+98.7% per year) and Turkey (-20.8% per year).

In value terms, the largest base metal flexible tubing suppliers to Russia were Poland ($X), China ($X) and Turkey ($X), with a combined 33% share of total imports. These countries were followed by Germany, Serbia, the Netherlands, Italy, Belarus and Estonia, which together accounted for a further 16%.

Serbia, with a CAGR of +52.7%, saw the highest growth rate of 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 base metal flexible tubing import price stood at $X per ton in 2021, growing by 40% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. 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, the country with the highest price was Poland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :