Russian Federation: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in the Russian Federation

The Russian ferro-cerium and pyrophoric alloys market shrank to $X in 2021, waning by -5.5% against the previous year. Overall, consumption continues to indicate a noticeable reduction. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in the Russian Federation

In value terms, ferro-cerium and pyrophoric alloys production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 14%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from the Russian Federation

Ferro-cerium and pyrophoric alloys exports from Russia skyrocketed to X tons in 2019, picking up by 74% against 2018 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 87%. The exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2019. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs in 2019 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Russia, accounting for a 60% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Germany exceeded the volume sent to the second major destination, Belarus (X tons), fivefold. The third position in this ranking was held by Ukraine (X tons), with an 8.8% share.

From 2012 to 2019, the average annual growth rate of volume to Germany amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+35.3% per year) and Ukraine (+55.1% per year).

In value terms, Germany ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Russia, comprising 46% of total exports. The second position in the ranking was held by Belarus ($X), with a 14% share of total exports. It was followed by Azerbaijan, with a 13% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Germany stood at +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+11.4% per year) and Azerbaijan (-6.0% per year).

Export Prices by Country

In 2019, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, dropping by -20.2% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (-2.4%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into the Russian Federation

In 2019, purchases abroad of ferro-cerium and pyrophoric alloys increased by 6.6% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 144%. Imports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports rose remarkably to $X in 2019. Over the period under review, imports posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 62% against the previous year. Imports peaked in 2019 and are likely to see steady growth in the near future.

Imports by Country

In 2019, China (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Russia, accounting for a 72% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Iran (X tons), with a 4.5% share.

From 2012 to 2019, the average annual growth rate of volume from China totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+41.9% per year) and Iran (0.0% per year).

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Russia were China ($X), the United States ($X) and the Philippines ($X), with a combined 86% share of total imports. Poland, the Netherlands and Iran lagged somewhat behind, together accounting for a further 7.7%.

Poland, with a CAGR of +32.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, rising by 7% against the previous year. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2019, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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