Russian Federation: Lead Ore Market 2022

Lead Ore Market Size in the Russian Federation

The Russian lead ore market dropped notably to $X in 2021, reducing by -37.6% against the previous year. In general, consumption showed a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Lead Ore Production in the Russian Federation

In value terms, lead ore production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 8.8%. Lead ore production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Lead Ore Exports

Exports from the Russian Federation

In 2021, the amount of lead ores exported from Russia expanded sharply to X tons, picking up by 6.2% compared with 2020. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, lead ore exports soared to $X in 2021. In general, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 36%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) was the main destination for lead ore exports from Russia, with a 85% share of total exports. Moreover, lead ore exports to China exceeded the volume sent to the second major destination, Kazakhstan (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to China totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+3.6% per year) and South Korea (+21.7% per year).

In value terms, China ($X) remains the key foreign market for lead ore exports from Russia, comprising 83% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-1.1% per year) and South Korea (+18.4% per year).

Export Prices by Country

In 2021, the average lead ore export price amounted to $X per ton, increasing by 9.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to China ($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 China (+3.4%), while the prices for the other major destinations experienced a decline.

Lead Ore Imports

Imports into the Russian Federation

In 2021, after three years of growth, there was significant decline in supplies from abroad of lead ores, when their volume decreased by -66.8% to X tons. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,001% against the previous year. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, lead ore imports declined significantly to $X in 2021. In general, imports, however, posted a slight expansion. The pace of growth appeared the most rapid in 2020 with an increase of 155%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2021, Kazakhstan (X tons) was the main supplier of lead ore to Russia, accounting for a 92% share of total imports. Moreover, lead ore imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Kyrgyzstan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Kazakhstan amounted to +150.1%.

In value terms, Kazakhstan ($X) constituted the largest supplier of lead ore to Russia, comprising 90% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 9.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Kazakhstan totaled +159.7%.

Import Prices by Country

The average lead ore import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a significant decrease. The growth pace was the most rapid in 2017 an increase of 79%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Kyrgyzstan ($X per ton), while the price for Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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