Russian Federation: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in the Russian Federation

After two years of decline, the Russian iron or steel can market increased by 17% to $X in 2021. In general, consumption, however, recorded a relatively flat trend pattern. Iron or steel can consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Cans in the Russian Federation

In value terms, iron or steel can production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced slump. Iron or steel can production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Iron or Steel Cans

Exports from the Russian Federation

In 2021, approx. X units of iron or steel cans were exported from Russia; shrinking by -30.4% against 2020. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2017 with an increase of 352%. The exports peaked at X units in 2020, and then declined dramatically in the following year.

In value terms, iron or steel can exports soared to $X in 2021. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 314%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X units), Poland (X units) and Kazakhstan (X units) were the main destinations of iron or steel can exports from Russia, with a combined 75% share of total exports. These countries were followed by Latvia, Hungary, Armenia, Ukraine and Lithuania, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Armenia (with a CAGR of +54.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for iron or steel cans exports from Russia, comprising 45% of total exports. The second position in the ranking was taken by Poland ($X), with a 20% share of total exports. It was followed by Kazakhstan, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+47.5% per year) and Kazakhstan (+19.0% per year).

Export Prices by Country

The average iron or steel can export price stood at $X per unit in 2021, rising by 67% against the previous year. Overall, the export price, however, saw a pronounced shrinkage. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cans

Imports into the Russian Federation

For the fifth consecutive year, Russia recorded decline in supplies from abroad of iron or steel cans, which decreased by -11.6% to X units in 2021. In general, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2016 with an increase of 50%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, iron or steel can imports rose remarkably to $X in 2021. Overall, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), Ukraine (X units) and Belarus (X units) were the main suppliers of iron or steel can imports to Russia, with a combined 76% share of total imports. China, Poland, the Netherlands and Hungary lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +5.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel can suppliers to Russia were Turkey ($X), Ukraine ($X) and Belarus ($X), with a combined 74% share of total imports. China, Poland, the Netherlands and Hungary lagged somewhat behind, together comprising a further 22%.

The Netherlands, with a CAGR of +5.7%, saw the highest growth rate of 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 iron or steel can import price stood at $X per unit in 2021, picking up by 22% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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