Russian Federation: Metal Washer Market 2024

Metal Washer Market Size in the Russian Federation

The Russian metal washer market soared to $X in 2021, with an increase of 40% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Washer Production in the Russian Federation

In value terms, metal washer production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 107%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Washer Exports

Exports from the Russian Federation

In 2021, approx. X tons of iron or steel washers were exported from Russia; increasing by 27% on the year before. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 116% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, metal washer exports surged to $X in 2021. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tons), Uzbekistan (X tons) and Lithuania (X tons) were the main destinations of metal washer exports from Russia, with a combined 84% share 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 Uzbekistan (with a CAGR of +71.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for iron or steel washers exports from Russia, comprising 44% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 13% share of total exports. It was followed by Kyrgyzstan, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+81.5% per year) and Kyrgyzstan (+29.3% per year).

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Uzbekistan ($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 Uzbekistan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into the Russian Federation

For the sixth year in a row, Russia recorded growth in overseas purchases of iron or steel washers, which increased by 37% to X tons in 2021. Overall, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal washer imports soared to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal washer to Russia, with a 90% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.1%.

In value terms, China ($X) constituted the largest supplier of iron or steel washers to Russia, comprising 43% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.3%.

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, with an increase of 4.5% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 5.6% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.6%).

Source: IndexBox Platform

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