Russian Federation: Wire And Cable Market 2025

Wire And Cable Market Size in the Russian Federation

The Russian wire and cable market contracted to $X in 2021, reducing by -5.6% against the previous year. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Wire And Cable Production in the Russian Federation

In value terms, wire and cable production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2013 with an increase of 14%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Wire And Cable Exports

Exports from the Russian Federation

In 2021, wire and cable exports from Russia rose remarkably to X tons, picking up by 9.8% on the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 19% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wire and cable exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Mongolia (X tons) were the main destinations of wire and cable exports from Russia, together comprising 70% of total exports. Finland, Armenia, the United States, the United Arab Emirates, Uzbekistan, Bangladesh and Ukraine lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +90.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Russia were Kazakhstan ($X), Belarus ($X) and Finland ($X), with a combined 57% share of total exports. These countries were followed by Mongolia, Bangladesh, the United Arab Emirates, the United States, Uzbekistan, Ukraine and Armenia, which together accounted for a further 20%.

The United Arab Emirates, with a CAGR of +64.6%, recorded the highest growth rate of the value of exports, among 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 wire and cable export price amounted to $X per ton, surging by 22% against the previous year. In general, the export price, however, showed a pronounced shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Armenia ($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 Ukraine (+4.3%), while the prices for the other major destinations experienced a decline.

Wire And Cable Imports

Imports into the Russian Federation

In 2021, imports of insulated wire and cable into Russia dropped slightly to X tons, reducing by -3.1% compared with the year before. Over the period under review, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wire and cable imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Belarus (X tons) and Germany (X tons) were the main suppliers of wire and cable imports to Russia, with a combined 67% share of total imports. Turkey, Italy, South Korea, Poland, Vietnam, Ukraine, Finland, Uzbekistan and Serbia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Russia, comprising 30% of total imports. The second position in the ranking was held by Belarus ($X), with a 10% share of total imports. It was followed by Germany, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+6.7% per year) and Germany (-2.6% per year).

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, rising by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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