Russian Federation: Aluminium Bar Market 2024

Aluminium Bar Market Size in the Russian Federation

The Russian aluminium bar market was estimated at $X in 2022, increasing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Aluminium Bar Production in the Russian Federation

In value terms, aluminium bar production rose to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Aluminium Bar Exports

Exports from the Russian Federation

After two years of growth, overseas shipments of aluminium bars, rods and profiles decreased by X% to X tons in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, aluminium bar exports fell to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Germany (X tons) was the main destination for aluminium bar exports from Russia, accounting for a X% share of total exports. Moreover, aluminium bar exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the United States (X% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average aluminium bar export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belarus ($X per ton) and Denmark ($X per ton), while the average price for exports to Italy ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into the Russian Federation

In 2022, approx. X tons of aluminium bars, rods and profiles were imported into Russia; increasing by X% compared with 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, aluminium bar imports shrank to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China (X tons), Belarus (X tons) and Germany (X tons) were the main suppliers of aluminium bar imports to Russia, together accounting for X% of total imports. Ukraine, Turkey, Italy and Uzbekistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belarus ($X) and Turkey ($X) appeared to be the largest aluminium bar suppliers to Russia, with a combined X% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of 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

The average aluminium bar import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted significantly in the following year.

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 Turkey ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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