Russian Federation: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in the Russian Federation

In 2021, the Russian metal link chain parts market increased by 46% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from the Russian Federation

In 2021, overseas shipments of iron or steel parts of articulated link chain increased by 27% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 65%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal link chain parts exports soared to $X in 2021. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 121%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for metal link chain parts exports from Russia, accounting for a 84% share of total exports. Moreover, metal link chain parts exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), eightfold. Germany (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-22.1% per year) and Germany (-28.5% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for iron or steel parts of articulated link chain exports from Russia, comprising 82% of total exports. The second position in the ranking was held by Belarus ($X), with a 12% share of total exports. It was followed by Ukraine, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-17.1% per year) and Ukraine (-20.2% per year).

Export Prices by Country

The average metal link chain parts export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts export price increased by +64.5% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 62% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Germany ($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 Latvia (+46.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into the Russian Federation

In 2021, supplies from abroad of iron or steel parts of articulated link chain increased by 49% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2012; afterwards, it flattened through to 2021.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a slight slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain parts supplier to Russia, accounting for a 84% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), tenfold. The third position in this ranking was held by Kazakhstan (X tons), with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+54.6% per year) and Kazakhstan (-23.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Russia, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by South Korea, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.1% per year) and South Korea (+29.7% per year).

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, reducing by -5.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 49% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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