Russian Federation: Ferro-Silico-Manganese Market 2025

Ferro-Silico-Manganese Market Size in the Russian Federation

In 2022, the Russian ferro-silico-manganese market decreased by -1.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Ferro-silico-manganese consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ferro-Silico-Manganese Production in the Russian Federation

In value terms, ferro-silico-manganese production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 69%. Ferro-silico-manganese production peaked at $X in 2021, and then reduced in the following year.

Ferro-Silico-Manganese Exports

Exports from the Russian Federation

In 2022, approx. X tons of ferro-silico-manganese were exported from Russia; which is down by -28.9% on 2021 figures. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2016 when exports increased by 315% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, ferro-silico-manganese exports shrank significantly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 306%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for ferro-silico-manganese exports from Russia, with a 85% share of total exports. Moreover, ferro-silico-manganese exports to the Netherlands exceeded the volume sent to the second major destination, Ukraine (X tons), ninefold. Sweden (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+133.7% per year) and Sweden (+90.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ferro-silico-manganese exports from Russia, comprising 81% of total exports. The second position in the ranking was held by Ukraine ($X), with a 14% share of total exports. It was followed by Sweden, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +58.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+97.2% per year) and Sweden (+126.3% per year).

Export Prices by Country

In 2022, the average ferro-silico-manganese export price amounted to $X per ton, falling by -10.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ukraine ($X per ton) and Kazakhstan ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Silico-Manganese Imports

Imports into the Russian Federation

Ferro-silico-manganese imports into Russia totaled X tons in 2022, increasing by 1.9% against the year before. Over the period under review, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 12%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-silico-manganese imports declined remarkably to $X in 2022. Overall, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Georgia (X tons), Kazakhstan (X tons) and Norway (X tons) were the main suppliers of ferro-silico-manganese imports to Russia, together accounting for 99.9% of total imports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +22.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest ferro-silico-manganese suppliers to Russia were Georgia ($X), Kazakhstan ($X) and Norway ($X).

Georgia, with a CAGR of +25.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ferro-silico-manganese import price stood at $X per ton in 2022, which is down by -17.8% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by +26.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 65% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Georgia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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