Russian Federation: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in the Russian Federation

The Russian double or complex silicates market surged to $X in 2021, jumping by 28% against the previous year. Overall, consumption, however, showed a slight setback. Double or complex silicates consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Double Or Complex Silicates in the Russian Federation

In value terms, double or complex silicates production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. Double or complex silicates production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports from the Russian Federation

In 2021, shipments abroad of double or complex silicates decreased by -68.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2015 when exports increased by 187% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped sharply in the following year.

In value terms, double or complex silicates exports declined markedly to $X in 2021. In general, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 252%. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

Uzbekistan (X tons), Belarus (X tons) and Kazakhstan (X tons) were the main destinations of double or complex silicates exports from Russia, with a combined 85% share of total exports. Azerbaijan, Ukraine and Estonia lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +95.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Belarus ($X) and Kazakhstan ($X) constituted the largest markets for double or complex silicates exported from Russia worldwide, together comprising 81% of total exports. These countries were followed by Azerbaijan, Estonia and Ukraine, which together accounted for a further 15%.

Estonia, with a CAGR of +89.1%, saw 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

In 2021, the average double or complex silicates export price amounted to $X per ton, picking up by 18% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Estonia ($X per ton), while the average price for exports to Uzbekistan ($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 Norway (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double Or Complex Silicates

Imports into the Russian Federation

Double or complex silicates imports into Russia fell to X tons in 2021, shrinking by -8.1% compared with 2020. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 75% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports rose markedly to $X in 2021. Over the period under review, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 130% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bosnia and Herzegovina (X tons) constituted the largest double or complex silicates supplier to Russia, accounting for a 58% share of total imports. Moreover, double or complex silicates imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Bosnia and Herzegovina amounted to -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and the United States (+33.6% per year).

In value terms, the largest double or complex silicates suppliers to Russia were Germany ($X), China ($X) and the United States ($X), with a combined 66% share of total imports. These countries were followed by Bosnia and Herzegovina, Italy and Slovenia, which together accounted for a further 22%.

In terms of the main suppliers, Slovenia, with a CAGR of +66.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, with an increase of 22% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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