Russian Federation: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in the Russian Federation

The Russian metal spring washer market amounted to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, showed a pronounced decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Production in the Russian Federation

In value terms, metal spring washer production reached $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 13%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Metal Spring Washer Exports

Exports from the Russian Federation

In 2022, exports of iron or steel spring washers from Russia soared to X tons, rising by 38% on the previous year's figure. Overall, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by 79% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports reached $X in 2022. In general, exports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2017 when exports increased by 98%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus (X tons), Estonia (X tons) and Kazakhstan (X tons) were the main destinations of metal spring washer exports from Russia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Estonia ($X) and Kazakhstan ($X) constituted the largest markets for metal spring washer exported from Russia worldwide, with a combined 89% share of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of +23.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, declining by -26.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 51%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Estonia ($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 Kazakhstan (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into the Russian Federation

In 2022, imports of iron or steel spring washers into Russia plummeted to X tons, reducing by -49.5% on the previous year's figure. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal spring washer imports dropped to $X in 2022. Overall, imports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 39%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal spring washer to Russia, accounting for a 54% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Japan (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.0% per year) and Japan (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Russia, comprising 63% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of total imports. It was followed by the United States, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and the United States (+4.7% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, jumping by 70% against the previous year. In general, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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