Report Update Nov 1, 2024

Russian Federation - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Tungsten Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten in the world?

China remains the largest tungsten consuming country worldwide, accounting for 86% of total volume. It was followed by Russia, with a 2.5% share of total consumption.

What are the largest producers of tungsten in the world?

China constituted the country with the largest volume of tungsten production, comprising approx. 88% of total volume. It was followed by Russia, with a 2.4% share of total production.

What are the leading suppliers of tungsten to the Russian Federation?

In value terms, China constituted the largest supplier of tungsten to Russia, comprising 85% of total imports. The second position in the ranking was occupied by Belarus, with an 8.1% share of total imports.

What are the leading importers of tungsten from the Russian Federation?

In value terms, the largest markets for tungsten exported from Russia were the United States and Poland.

What is the average export price for tungsten in the Russian Federation?

The average tungsten export price stood at $82,815 per ton in 2021, rising by 30% against the previous year.

What is the average import price for tungsten in the Russian Federation?

In 2021, the average tungsten import price amounted to $39,998 per ton, rising by 14% against the previous year.

This report provides an in-depth analysis of the tungsten market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023