Report Update: Apr 1, 2024

Russian Federation - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron or Steel Wire Product in Russia - 2022

Price for Iron or Steel Wire Product in Russia (CIF) - 2022

The average import price for iron or steel wire products stood at $3,641 per ton in January 2022, surging by 62% against the previous month. In general, import price indicated a pronounced increase from January 2021 to January 2022: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, iron or steel wire product import price increased by +95.2% against November 2021 indices. The import price peaked at $3,650 per ton in March 2021; afterwards, it flattened through to January 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,098 per ton), while the price for Ukraine ($2,185 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Wire Product in Russia (FOB) - 2022

The average export price for iron or steel wire products stood at $1,110 per ton in 2021, falling by -15.3% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 7.2% against the previous year. Over the period under review, the average export prices attained the maximum at $2,393 per ton in 2012; however, from 2013 to 2021, 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 Ukraine ($2,774 per ton), while the average price for exports to Belgium ($1,077 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Wire Product in Russia

In 2022, the amount of iron or steel wire products imported into Russia dropped to 15K tons, waning by -9.5% on 2021. Over the period under review, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year.

In value terms, iron or steel wire product imports dropped to $42M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $45M, and then shrank in the following year.

Import of Iron or Steel Wire Product in Russia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	11.7	12.4	15.9	16.6%
Turkey	5.3	4.5	5.7	3.7%
Germany	3.4	3.3	4.0	8.5%
Italy	3.2	3.8	3.9	10.4%
Belarus	3.1	1.7	2.9	-3.3%
South Korea	0.4	0.6	2.2	134.5%
Poland	2.4	1.7	2.0	-8.7%
Ukraine	1.3	1.1	1.5	7.4%
Netherlands	2.0	2.3	0.4	-55.3%
Others	6.3	6.2	7.0	5.4%
Total	39.1	37.7	45.5	7.9%

Top Suppliers of Iron or Steel Wire Product to Russia in 2022:

Belarus (5.3K tons)
China (4.6K tons)
Turkey (2.6K tons)
South Korea (0.9K tons)
Ukraine (0.8K tons)
Italy (0.7K tons)
Poland (0.7K tons)
Germany (0.4K tons)
Netherlands (0.1K tons)

Exports of Iron or Steel Wire Product in Russia

In 2022, the amount of iron or steel wire products exported from Russia shrank remarkably to 14K tons, with a decrease of -25% against the previous year. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 100% against the previous year. As a result, the exports attained the peak of 19K tons, and then contracted notably in the following year.

In value terms, iron or steel wire product exports declined rapidly to $16M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of $21M, and then declined notably in the following year.

Export of Iron or Steel Wire Product in Russia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Latvia	1.4	1.1	4.6	81.3%
Kazakhstan	2.6	2.0	3.7	19.3%
Belarus	3.6	2.9	3.6	0.0%
Estonia	0.8	1.5	2.5	76.8%
Ukraine	0.4	0.9	1.3	80.3%
Finland	0.6	0.9	1.1	35.4%
Kyrgyzstan	0.2	0.1	0.4	41.4%
Belgium	0.6	0.7	0.2	-42.3%
Afghanistan	1.7	N/A	N/A	0%
Others	1.9	2.0	3.1	27.7%
Total	13.8	12.2	20.6	22.2%

Top Export Markets for Iron or Steel Wire Product from Russia in 2022:

Latvia (3.8K tons)
Kazakhstan (2.5K tons)
Estonia (1.9K tons)
Belarus (1.7K tons)
Finland (1.0K tons)
Ukraine (0.5K tons)
Kyrgyzstan (0.3K tons)
Belgium (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel wire product 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:

Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers

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