Russian Federation: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in the Russian Federation

The Russian market for iron or steel flat spiral or discs springs surged to $X in 2021, picking up by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a strong expansion. Metal spiral or discs spring consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from the Russian Federation

In 2021, shipments abroad of iron or steel flat spiral or discs springs increased by 9.9% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed measured growth. The pace of growth was the most pronounced in 2017 when exports increased by 138% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports expanded remarkably to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 56%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X tons), Ukraine (X tons) and Belarus (X tons) were the main destinations of metal spiral or discs spring exports from Russia, together accounting for 94% 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 Kazakhstan (with a CAGR of +19.4%), while the other leaders experienced mixed trend patterns.

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) were the largest markets for metal spiral or discs spring exported from Russia worldwide, together accounting for 74% of total exports.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Ukraine ($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 Belarus (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into the Russian Federation

In 2021, the amount of iron or steel flat spiral or discs springs imported into Russia surged to X tons, jumping by 20% compared with the year before. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 67% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. Over the period under review, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belarus (X tons) constituted the largest metal spiral or discs spring supplier to Russia, accounting for a 54% share of total imports. Moreover, metal spiral or discs spring imports from Belarus exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Poland (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from Belarus stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.2% per year) and Poland (+15.4% per year).

In value terms, the largest metal spiral or discs spring suppliers to Russia were Belarus ($X), Germany ($X) and China ($X), together comprising 43% of total imports. Italy, Japan, South Korea, Poland and Turkey lagged somewhat behind, together comprising a further 26%.

South Korea, with a CAGR of +62.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for iron or steel flat spiral or discs springs amounted to $X per ton, rising by 9.3% against the previous year. In general, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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