Price for Mineral Substances Not Elsewhere Specified or Included in Russia - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Russia (FOB) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Russia (CIF) - 2022
- Exports of Mineral Substances Not Elsewhere Specified or Included in Russia
- Imports of Mineral Substances Not Elsewhere Specified or Included in Russia
Price for Mineral Substances Not Elsewhere Specified or Included in Russia (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $600 per ton, growing by 56% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by 176%. The export price peaked in 2022 and is expected to retain growth in years to come.
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 China ($6,452 per ton), while the average price for exports to Romania ($152 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 China (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Russia (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $188 per ton, reducing by -19.5% against the previous year. Over the period under review, the import price, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the peak figure at $256 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($847 per ton), while the price for Armenia ($35 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mineral Substances Not Elsewhere Specified or Included in Russia
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Russia shrank significantly to 199K tons, falling by -28.9% on the previous year. Over the period under review, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, exports of mineral substances not elsewhere specified or includeds expanded remarkably to $120M in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 45%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Mineral Substances Not Elsewhere Specified or Included in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.2 | 18.7 | 40.7 | 42.3 | 55.7% |
| Hong Kong SAR | 0.1 | 0.1 | 0.2 | 16.6 | 449.6% |
| Spain | N/A | 1.0 | 1.4 | 4.9 | 121.4% |
| Uzbekistan | 4.9 | 3.7 | 4.5 | 4.6 | -2.1% |
| Kazakhstan | 2.0 | 2.1 | 2.8 | 4.1 | 27.0% |
| Poland | 1.2 | 1.1 | 3.8 | 3.2 | 38.7% |
| Netherlands | 2.0 | 1.6 | 1.7 | 2.8 | 11.9% |
| Germany | 3.2 | 3.0 | 4.6 | 2.5 | -7.9% |
| Serbia | 3.0 | 4.0 | 3.1 | 2.2 | -9.8% |
| South Korea | 0.3 | 1.4 | 1.3 | 1.8 | 81.7% |
| Ukraine | 7.7 | 8.5 | 7.6 | 1.0 | -49.4% |
| Romania | 1.6 | 1.9 | 1.8 | 0.5 | -32.1% |
| Japan | 5.9 | 0.8 | 1.3 | 0.2 | -67.6% |
| Others | 19.6 | 26.1 | 32.9 | 33.0 | 19.0% |
| Total | 62.7 | 74.2 | 108 | 120 | 24.2% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Russia in 2022:
- Hong Kong SAR (29.3K tons)
- Kazakhstan (20.5K tons)
- Uzbekistan (14.9K tons)
- Spain (13.6K tons)
- Poland (10.7K tons)
- South Korea (9.4K tons)
- Serbia (8.7K tons)
- China (6.6K tons)
- Netherlands (5.1K tons)
- Ukraine (4.6K tons)
- Germany (4.4K tons)
- Romania (3.2K tons)
- Japan (1.6K tons)
Imports of Mineral Substances Not Elsewhere Specified or Included in Russia
In 2022, imports of mineral substances not elsewhere specified or includeds into Russia dropped to 182K tons, falling by -3.2% against 2021. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of 189K tons, and then reduced slightly in the following year.
In value terms, imports of mineral substances not elsewhere specified or includeds declined dramatically to $34M in 2022. Over the period under review, imports showed a mild downturn. The growth pace was the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of $44M, and then dropped remarkably in the following year.
| Import of Mineral Substances Not Elsewhere Specified or Included in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.6 | 2.8 | 2.9 | 4.9 | 23.5% |
| Netherlands | 4.2 | 3.8 | 6.0 | 4.7 | 3.8% |
| Armenia | 2.2 | 2.0 | 3.2 | 3.2 | 13.3% |
| China | 1.8 | 1.6 | 1.5 | 2.9 | 17.2% |
| Germany | 6.2 | 4.9 | 6.3 | 2.3 | -28.1% |
| Uzbekistan | 0.3 | 0.3 | 0.6 | 0.9 | 44.2% |
| Others | 18.6 | 18.5 | 23.5 | 15.4 | -6.1% |
| Total | 35.8 | 34.0 | 44.1 | 34.3 | -1.4% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Russia in 2022:
- Armenia (91.2K tons)
- Turkey (53.8K tons)
- China (13.3K tons)
- Netherlands (5.6K tons)
- Uzbekistan (3.1K tons)
- Germany (1.3K tons)
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