Russian Federation: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in the Russian Federation

The Russian agglomerated powder rod market expanded markedly to $X in 2021, surging by 12% against the previous year. Overall, consumption, however, continues to indicate a perceptible reduction. Agglomerated powder rod consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Agglomerated Powder Rod Production in the Russian Federation

In value terms, agglomerated powder rod production amounted to $X in 2021 estimated in export price. In general, production, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 with an increase of 20% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Agglomerated Powder Rod Exports

Exports from the Russian Federation

In 2021, overseas shipments of base metal wire and rods of agglomerated base powder were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, agglomerated powder rod exports surged to $X in 2021. In general, exports, however, continue to indicate a pronounced downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for agglomerated powder rod exports from Russia, accounting for a 66% share of total exports. Moreover, agglomerated powder rod exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+8.0% per year) and Ukraine (-0.2% per year).

In value terms, the largest markets for agglomerated powder rod exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), together comprising 93% of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average agglomerated powder rod export price stood at $X per ton in 2021, increasing by 30% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Belarus ($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 Ukraine (+10.5%), while the prices for the other major destinations experienced a decline.

Agglomerated Powder Rod Imports

Imports into the Russian Federation

In 2021, purchases abroad of base metal wire and rods of agglomerated base powder decreased by -6.4% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 194% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, agglomerated powder rod imports skyrocketed to $X in 2021. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 123% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of agglomerated powder rod to Russia, accounting for a 46% share of total imports. Moreover, agglomerated powder rod imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-4.7% per year) and the United States (+11.6% per year).

In value terms, the largest agglomerated powder rod suppliers to Russia were China ($X), Germany ($X) and the United States ($X), with a combined 48% share of total imports. Ukraine, South Korea, France, Belarus and Estonia lagged somewhat behind, together comprising a further 18%.

Estonia, with a CAGR of +95.5%, 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 agglomerated powder rod import price stood at $X per ton in 2021, increasing by 64% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agglomerated powder rod import price increased by +88.7% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by 80% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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