Russian Federation: Steatite Market 2021

Steatite Market Size in the Russian Federation

The Russian steatite market reduced modestly to $X in 2019, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a prominent expansion. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018, and then declined in the following year.

Steatite Exports

Exports from the Russian Federation

In 2019, exports of steatites from Russia skyrocketed to X tons, rising by X% compared with the year before. Over the period under review, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of X tons; afterwards, it flattened through to 2019.

In value terms, steatite exports soared to $X in 2019. In general, exports continue to indicate a moderate increase. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Belarus (X tons) and Uzbekistan (X tons) were the main destinations of steatite exports from Russia, together comprising X% of total exports. Kazakhstan lagged somewhat behind, accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan, while exports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Belarus ($X) were the largest markets for steatite exported from Russia worldwide, together accounting for X% of total exports.

Kazakhstan recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average steatite export price stood at $X per ton in 2019, dropping by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2018, and then reduced dramatically in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Ukraine ($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 Uzbekistan, while the prices for the other major destinations experienced a decline.

Steatite Imports

Imports into the Russian Federation

Steatite imports into Russia soared to X tons in 2019, rising by X% compared with the year before. Overall, imports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, steatite imports rose sharply to $X in 2019. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to continue growth in the immediate term.

Imports by Country

Finland (X tons), Austria (X tons) and China (X tons) were the main suppliers of steatite imports to Russia, with a combined X% share of total imports. These countries were followed by Pakistan, Turkey, the Netherlands and France, which together accounted for a further X 2007 to 2019, the biggest increases were in the Netherlands (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steatite suppliers to Russia were Finland ($X), Austria ($X) and China ($X), together accounting for X% of total imports. The Netherlands, France, Pakistan and Turkey lagged somewhat behind, together accounting for a further X terms of the main suppliers, the Netherlands (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average steatite import price amounted to $X per ton, dropping by -X% against the previous year. In general, import price indicated a temperate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, steatite import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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