Russian Federation: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in the Russian Federation

In 2021, the Russian hot-rolled silico-manganese steel bar market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate measured growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in the Russian Federation

In value terms, hot-rolled silico-manganese steel bar production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 44% against the previous year. Hot-rolled silico-manganese steel bar production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from the Russian Federation

In 2021, hot-rolled silico-manganese steel bar exports from Russia contracted rapidly to X tons, falling by -27% against the year before. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 48% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar exports surged to $X in 2021. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 67%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Russia, accounting for a 64% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X tons), sixfold. Belarus (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+8.5% per year) and Belarus (+6.0% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Russia, comprising 62% of total exports. The second position in the ranking was taken by Belarus ($X), with a 10% share of total exports. It was followed by Tajikistan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+1.9% per year) and Tajikistan (+8.8% per year).

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, picking up by 63% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Belarus ($X per ton) and Ukraine ($X per ton), while the average price for exports to Turkmenistan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into the Russian Federation

In 2021, purchases abroad of hot-rolled bars of silico-manganese steel decreased by -54.9% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a sharp setback. The growth pace was the most rapid in 2018 with an increase of 73%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports dropped markedly to $X in 2021. Overall, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of 94% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belarus (X tons), the Czech Republic (X tons) and Ukraine (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Russia, with a combined 83% share of total imports. China lagged somewhat behind, comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +39.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest hot-rolled silico-manganese steel bar suppliers to Russia were the Czech Republic ($X), Belarus ($X) and China ($X), with a combined 83% share of total imports.

China, with a CAGR of +37.0%, saw 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 mixed trend patterns.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, jumping by 84% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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