Russian Federation: Carbides Market 2024

Carbides Market Size in the Russian Federation

The Russian carbides market contracted modestly to $X in 2022, declining by -4.1% against the previous year. In general, consumption saw a deep slump. The growth pace was the most rapid in 2021 when the market value increased by 10% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Carbides Production in the Russian Federation

In value terms, carbides production declined to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The growth pace was the most rapid in 2018 when the production volume increased by 10%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Carbides Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was decline in shipments abroad of carbides, when their volume decreased by -3.5% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 37%. The exports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, carbides exports declined to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 54% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), India (X tons) and Norway (X tons) were the main destinations of carbides exports from Russia, with a combined 52% share of total exports. Belarus, Turkey, Slovenia, Poland, the Czech Republic, the United States and Ukraine lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +38.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and Norway ($X) constituted the largest markets for carbides exported from Russia worldwide, together accounting for 52% of total exports. Belarus, Turkey, Slovenia, Poland, the Czech Republic, the United States and Ukraine lagged somewhat behind, together accounting for a further 32%.

Slovenia, with a CAGR of +34.2%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average carbides export price amounted to $X per ton, which is down by -2.9% against the previous year. Overall, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into the Russian Federation

In 2022, the amount of carbides imported into Russia reduced modestly to X tons, which is down by -2.7% against the previous year. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped modestly in the following year.

In value terms, carbides imports contracted to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest carbides supplier to Russia, accounting for a 87% share of total imports. Moreover, carbides imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan stood at +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-11.5% per year) and China (+4.3% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of carbides to Russia, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan totaled +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.9% per year) and Ukraine (-14.4% per year).

Import Prices by Country

In 2022, the average carbides import price amounted to $X per ton, shrinking by -5.3% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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