Russian Federation: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in the Russian Federation

After three years of decline, the Russian metal flexible tubing market increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a perceptible reduction. Metal flexible tubing consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Flexible Tubing Production in the Russian Federation

In value terms, metal flexible tubing production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Metal flexible tubing production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Flexible Tubing Exports

Exports from the Russian Federation

In 2022, overseas shipments of iron or steel flexible tubing decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, metal flexible tubing exports contracted rapidly to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Kazakhstan (X tons), Uzbekistan (X tons) and Belarus (X tons) were the main destinations of metal flexible tubing exports from Russia, with a combined X% share of total exports. Bangladesh and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal flexible tubing exported from Russia were Uzbekistan ($X), Bangladesh ($X) and Kazakhstan ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average metal flexible tubing export price amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a deep downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Flexible Tubing Imports

Imports into the Russian Federation

In 2022, purchases abroad of iron or steel flexible tubing decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal flexible tubing imports dropped dramatically to $X in 2022. Overall, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal flexible tubing to Russia, with a X% share of total imports. Moreover, metal flexible tubing imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel flexible tubing to Russia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average metal flexible tubing import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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