Russian Federation: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the Russian Federation

In 2020, the Russian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the Russian Federation

In value terms, iron, steel or aluminium reservoir production fell to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a slight decline. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from the Russian Federation

In 2020, approx. X kg of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Russia; declining by -X% on 2019. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2014 to 2020, the growth exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports shrank rapidly to $X in 2020. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Bangladesh (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Russia, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Bangladesh (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) emerged as the key foreign market for iron, steel or aluminium reservoir exports from Russia, comprising X% of total exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Bangladesh amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-X% per year) and Belarus (+X% per year).

Export Prices by Country

In 2019, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated tangible growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average export prices hit record highs at $X per ton in 2009; afterwards, it flattened through to 2019.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into the Russian Federation

In 2020, approx. X kg of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Russia; waning by -X% compared with the previous year. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports reduced markedly to $X in 2020. In general, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

Belarus (X tons), China (X tons) and Italy (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Russia, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Belarus (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Russia were Italy ($X), China ($X) and Germany ($X), together comprising X% of total imports. South Korea, Belarus, the Czech Republic, Poland, Turkey, France, Ukraine and Kazakhstan lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest growth rate of 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

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2019, shrinking by -X% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was South Korea ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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