Russian Federation: Degras Market 2024

Degras Market Size in the Russian Federation

In 2021, the Russian degras market decreased by -10.9% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption continues to indicate a mild slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Degras Production in the Russian Federation

In value terms, degras production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 20%. Degras production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Degras Exports

Exports from the Russian Federation

Degras exports from Russia soared to X tons in 2021, growing by 66% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 106% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, degras exports soared to $X in 2021. In general, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 127% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons) was the main destination for degras exports from Russia, accounting for a 79% share of total exports. Moreover, degras exports to Ukraine exceeded the volume sent to the second major destination, China (X tons), ninefold. Kazakhstan (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.1% per year) and Kazakhstan (+84.6% per year).

In value terms, Ukraine ($X) remains the key foreign market for degras exports from Russia, comprising 69% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by Kazakhstan, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine amounted to -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-4.6% per year) and Kazakhstan (+75.4% per year).

Export Prices by Country

In 2021, the average degras export price amounted to $X per ton, approximately equating the previous year. Overall, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Ukraine ($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 China (-2.5%), while the prices for the other major destinations experienced a decline.

Degras Imports

Imports into the Russian Federation

In 2021, purchases abroad of degras increased by 1,934% to X tons, rising for the second consecutive year after five years of decline. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, degras imports soared to $X in 2021. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ukraine (X tons) was the main supplier of degras to Russia, accounting for a 98% share of total imports. It was followed by Kazakhstan (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine amounted to +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-0.1% per year) and Uzbekistan (-25.8% per year).

In value terms, Ukraine ($X) constituted the largest supplier of degras to Russia, comprising 95% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ukraine stood at +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-8.1% per year) and Uzbekistan (-26.5% per year).

Import Prices by Country

The average degras import price stood at $X per ton in 2021, falling by -46.9% against the previous year. Overall, the import price showed a deep contraction. The growth pace was the most rapid in 2013 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Ukraine (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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