Russian Federation: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in the Russian Federation

After two years of decline, the Russian metal hot-worked helical spring market increased by 31% to $X in 2021. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.2% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in the Russian Federation

In value terms, metal hot-worked helical spring production soared to $X in 2021 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.0% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 48%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from the Russian Federation

In 2021, the amount of iron or steel hot-worked helical springs exported from Russia rose significantly to X tons, surging by 13% on the previous year. In general, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 61% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. Overall, exports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 76%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Germany (X tons) were the main destinations of metal hot-worked helical spring exports from Russia, together comprising 77% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +131.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Germany ($X) appeared to be the largest markets for metal hot-worked helical spring exported from Russia worldwide, together comprising 73% of total exports.

Germany, with a CAGR of +95.8%, 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 hot-worked helical spring export price stood at $X per ton in 2021, growing by 19% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring export price decreased by -22.6% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 36%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Belarus ($X per ton) and Turkey ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Slovakia ($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 Ukraine (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into the Russian Federation

Metal hot-worked helical spring imports into Russia skyrocketed to X tons in 2021, with an increase of 28% against the year before. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.8% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 28%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The Czech Republic (X tons), China (X tons) and Ukraine (X tons) were the main suppliers of metal hot-worked helical spring imports to Russia, with a combined 45% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +29.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal hot-worked helical spring suppliers to Russia were the Czech Republic ($X), Germany ($X) and South Korea ($X), with a combined 37% share of total imports. These countries were followed by China, Sweden, Japan, Belarus, Slovakia, Italy, Ukraine, Turkey, Romania and Poland, which together accounted for a further 45%.

In terms of the main suppliers, Belarus, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, declining by -3.9% against the previous year. In general, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of 8.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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