Russian Federation: Metal Link Chain Market 2024

Metal Link Chain Market Size in the Russian Federation

The Russian metal link chain market soared to $X in 2021, surging by 38% against the previous year. In general, consumption, however, showed a deep setback. Metal link chain consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Metal Link Chain Production in the Russian Federation

In value terms, metal link chain production rose sharply to $X in 2021 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 26% against the previous year. Metal link chain production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Metal Link Chain Exports

Exports from the Russian Federation

After two years of decline, overseas shipments of iron or steel articulated link chain increased by 65% to X tons in 2021. In general, exports posted a measured expansion. The growth pace was the most rapid in 2017 when exports increased by 135%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports soared to $X in 2021. Over the period under review, exports saw moderate growth. 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

Belarus (X tons) was the main destination for metal link chain exports from Russia, with a 53% share of total exports. Moreover, metal link chain exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+15.2% per year) and the United Arab Emirates (+207.7% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) were the largest markets for metal link chain exported from Russia worldwide, with a combined 82% share of total exports. Moldova and the United Arab Emirates lagged somewhat behind, together accounting for a further 4.6%.

The United Arab Emirates, with a CAGR of +126.2%, saw the highest rates of growth with regard to 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

The average metal link chain export price stood at $X per ton in 2021, picking up by 21% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 56% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kazakhstan (+1.0%), while the prices for the other major destinations experienced a decline.

Metal Link Chain Imports

Imports into the Russian Federation

After two years of decline, purchases abroad of iron or steel articulated link chain increased by 134% to X tons in 2021. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 150%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, metal link chain imports skyrocketed to $X in 2021. In general, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Belarus (X tons) were the main suppliers of metal link chain imports to Russia, with a combined 94% share of total imports. These countries were followed by Finland, Italy and Latvia, which together accounted for a further 4%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +46.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Finland ($X) were the largest metal link chain suppliers to Russia, together accounting for 82% of total imports.

Finland, with a CAGR of +34.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, picking up by 3.4% against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2019 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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