Russian Federation: Winding Wire Market 2025

Winding Wire Market Size in the Russian Federation

The Russian winding wire market shrank slightly to $X in 2022, which is down by -4.3% against the previous year. Overall, consumption recorded a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Winding Wire Production in the Russian Federation

In value terms, winding wire production reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Winding Wire Exports

Exports from the Russian Federation

In 2022, overseas shipments of winding wire for electrical purposes were finally on the rise to reach X tons after two years of decline. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 36%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports dropped to $X in 2022. In general, exports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 40%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of winding wire exports from Russia, together comprising 94% of total exports. These countries were followed by the United States, which accounted for a further 3.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) were the largest markets for winding wire exported from Russia worldwide, with a combined 86% share of total exports. The United States lagged somewhat behind, accounting for a further 9%.

The United States, with a CAGR of +21.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average winding wire export price amounted to $X per ton, which is down by -16.9% against the previous year. In general, the export price recorded a mild slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belarus ($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 the United States (+0.9%), while the prices for the other major destinations experienced a decline.

Winding Wire Imports

Imports into the Russian Federation

After two years of decline, supplies from abroad of winding wire for electrical purposes increased by 1.9% to X tons in 2022. Overall, imports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 96%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, winding wire imports fell markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 66%. 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, Belarus (X tons) constituted the largest winding wire supplier to Russia, with a 71% share of total imports. Moreover, winding wire imports from Belarus exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Moldova (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.1% per year) and Moldova (-11.2% per year).

In value terms, Belarus ($X), Moldova ($X) and China ($X) appeared to be the largest winding wire suppliers to Russia, together comprising 76% of total imports.

Among the main suppliers, China, with a CAGR of +21.8%, saw 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 2022, the average winding wire import price amounted to $X per ton, which is down by -18.3% against the previous year. Over the period under review, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of 55%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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