Report Update: May 1, 2024

Russian Federation - Bismuth - Market Analysis, Forecast, Size, Trends And Insights

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Bismuth Price in Russia - 2022

Bismuth Price in Russia (CIF) - 2022

The average bismuth import price stood at $13,214 per ton in 2022, dropping by -15.8% against the previous year. Overall, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $21,951 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +17.7% per year.

Bismuth Price in Russia (FOB) - 2022

The average bismuth export price stood at $22,967 per ton in 2022, dropping by -28.5% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 134%. Over the period under review, the average export prices reached the peak figure at $32,118 per ton in 2021, and then contracted sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($25,399 per ton), while the average price for exports to Belarus ($10,751 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 Armenia (-1.3%), while the prices for the other major destinations experienced a decline.

Bismuth Imports in Russia

In 2022, the amount of bismuth imported into Russia was estimated at 43 tons, growing by 13% on the year before. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 109% against the previous year. As a result, imports reached the peak of 47 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, bismuth imports fell to $567K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year.

Import of Bismuth in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	190	278	183	530	40.8%
Kazakhstan	49.0	61.0	201	N/A	102.5%
South Korea	21.9	6.7	15.2	N/A	-16.7%
Belgium	30.9	31.5	27.9	N/A	-5.0%
Others	55.5	158	170	37.0	-12.6%
Total	347	535	598	567	17.8%

Top Suppliers of Bismuth to Russia in 2022:

China (42.7 tons)

Bismuth Exports in Russia

In 2022, exports of bismuth from Russia skyrocketed to 4.4 tons, picking up by 238% on 2021 figures. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 739% against the previous year. As a result, the exports attained the peak of 6.4 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, bismuth exports surged to $102K in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 686%. As a result, the exports reached the peak of $162K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Bismuth in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Moldova	0.8	0.1	0.1	66.3	336.0%
Armenia	0.2	0.2	0.5	27.8	418.0%
Belarus	11.0	130	5.2	7.9	-10.4%
Uzbekistan	N/A	5.0	N/A	N/A	0%
Others	8.5	26.9	36.5	N/A	107.2%
Total	20.6	162	42.3	102	70.4%

Top Export Markets for Bismuth from Russia in 2022:

Moldova (2.6 tons)
Armenia (1.1 tons)
Belarus (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bismuth 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