Russian Federation: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in the Russian Federation

After three years of decline, the Russian hot-dipped metal-coated sheet market increased by 8.5% to $X in 2021. In general, consumption, however, showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Production in the Russian Federation

In value terms, hot-dipped metal-coated sheet production amounted to $X in 2021 estimated in export price. In general, production, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2013 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from the Russian Federation

In 2021, approx. X tons of hot-dipped metal-coated sheet were exported from Russia; increasing by 72% compared with the year before. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 94% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Latvia (X tons) and Belarus (X tons) were the main destinations of hot-dipped metal-coated sheet exports from Russia, with a combined 49% share of total exports. These countries were followed by Poland, Belgium, Israel, Uzbekistan, Kazakhstan, Azerbaijan and Ukraine, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +335.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-dipped metal-coated sheet exported from Russia were Latvia ($X), Belarus ($X) and Germany ($X), together comprising 47% of total exports. These countries were followed by Poland, Belgium, Uzbekistan, Kazakhstan, Israel, Azerbaijan and Ukraine, which together accounted for a further 36%.

Belgium, with a CAGR of +324.3%, recorded 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 hot-dipped metal-coated sheet export price amounted to $X per ton, increasing by 37% against the previous year. In general, the export price, however, continues to indicate a slight decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Germany ($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 Poland (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into the Russian Federation

In 2021, after three years of decline, there was significant growth in supplies from abroad of hot-dipped metal-coated sheet, when their volume increased by 20% to X tons. Over the period under review, imports, however, recorded a perceptible reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hot-dipped metal-coated sheet imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) constituted the largest supplier of hot-dipped metal-coated sheet to Russia, accounting for a 51% share of total imports. Moreover, hot-dipped metal-coated sheet imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Kazakhstan totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.6% per year) and South Korea (+11.9% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of hot-dipped metal-coated sheet to Russia, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Kazakhstan totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.2% per year) and South Korea (+10.3% per year).

Import Prices by Country

In 2021, the average hot-dipped metal-coated sheet import price amounted to $X per ton, picking up by 60% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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