Russian Federation: Tungsten Market 2025

Tungsten Market Size in the Russian Federation

The Russian tungsten market reduced slightly to $X in 2022, declining by -3.3% against the previous year. Over the period under review, consumption recorded a noticeable shrinkage. Tungsten consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tungsten Production in the Russian Federation

In value terms, tungsten production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 154% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Tungsten Exports

Exports from the Russian Federation

Tungsten exports from Russia skyrocketed to X tons in 2021, picking up by 4,036% against the previous year. Overall, exports, however, showed a abrupt shrinkage. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, tungsten exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) and Poland (X tons) were the main destinations of tungsten exports from Russia. Moreover, tungsten exports in the United States exceeded the figures recorded by the second-largest exporter, Poland, twofold.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of 0.0%).

In value terms, the United States ($X) and Poland ($X) appeared to be the largest markets for tungsten exported from Russia worldwide.

Among the main countries of destination, the United States, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average tungsten export price stood at $X per ton in 2021, which is down by -41.2% against the previous year. Overall, the export price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 120%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+41.6%), while the prices for the other major destinations experienced mixed trend patterns.

Tungsten Imports

Imports into the Russian Federation

In 2022, the amount of tungsten imported into Russia contracted to X tons, waning by -13.4% compared with 2021 figures. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 127% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tungsten imports dropped notably to $X in 2022. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 174% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of tungsten to Russia, accounting for a 86% share of total imports. Moreover, tungsten imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -6.2%.

In value terms, China ($X) constituted the largest supplier of tungsten to Russia, comprising 87% of total imports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -10.1%.

Import Prices by Country

In 2022, the average tungsten import price amounted to $X per ton, declining by -5.1% against the previous year. Overall, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2014 an increase of 34% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 China ($X per ton), while the price for Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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