Russian Federation: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in the Russian Federation

The Russian metal chain parts market contracted slightly to $X in 2022, standing approx. at the previous year. In general, consumption, however, recorded a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Chain Parts Production in the Russian Federation

In value terms, metal chain parts production dropped to $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Chain Parts Exports

Exports from the Russian Federation

In 2022, after three years of growth, there was significant decline in overseas shipments of parts of chains of iron or steel, when their volume decreased by X% to X tons. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, metal chain parts exports fell significantly to $X in 2022. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Kazakhstan (X tons), Lithuania (X tons) and Ukraine (X tons) were the main destinations of metal chain parts exports from Russia, together comprising X% of total exports. Austria and Belarus lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for parts of chains of iron or steel exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2022, the average metal chain parts export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Belarus ($X per ton), while the average price for exports to Austria ($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 Moldova (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Chain Parts Imports

Imports into the Russian Federation

Metal chain parts imports into Russia surged to X tons in 2022, rising by X% on the previous year. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal chain parts imports contracted sharply to $X in 2022. Over the period under review, imports enjoyed mild growth. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain parts supplier to Russia, accounting for a X% share of total imports. Moreover, metal chain parts imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, the largest metal chain parts suppliers to Russia were China ($X), Germany ($X) and Poland ($X), together comprising X% of total imports. South Korea and Belarus lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 metal chain parts import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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