Russian Federation: Lead Market 2024

Lead Market Size in the Russian Federation

In 2022, after two years of decline, there was significant growth in the Russian lead market, when its value increased by 72% to $X. In general, consumption showed measured growth. Lead consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lead Production in the Russian Federation

In value terms, lead production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Lead Exports

Exports from the Russian Federation

After two years of growth, shipments abroad of lead decreased by -13.2% to X tons in 2022. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, lead exports fell dramatically to $X in 2022. Over the period under review, exports, however, saw a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons), Turkey (X tons) and Germany (X tons) were the main destinations of lead exports from Russia, with a combined 63% share of total exports. Singapore, Slovenia, Serbia, Poland, the UK, Romania, Estonia, Belarus, the Czech Republic and Ukraine lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +214.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Turkey ($X) and Germany ($X) were the largest markets for lead exported from Russia worldwide, together accounting for 62% of total exports. Singapore, Slovenia, Serbia, Poland, the UK, Romania, Estonia, Belarus, the Czech Republic and Ukraine lagged somewhat behind, together comprising a further 36%.

Romania, with a CAGR of +172.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, reducing by -4.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Ukraine ($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 Estonia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into the Russian Federation

In 2022, purchases abroad of lead decreased by -17.5% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of 216%. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, lead imports shrank dramatically to $X in 2022. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 165%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest lead supplier to Russia, accounting for a 81% share of total imports. Moreover, lead imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Kyrgyzstan (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled +23.9%.

In value terms, Kazakhstan ($X) constituted the largest supplier of lead to Russia, comprising 81% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan amounted to +25.7%.

Import Prices by Country

In 2022, the average lead import price amounted to $X per ton, declining by -7.2% against the previous year. In general, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 178%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while the price for Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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