Russian Federation: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in the Russian Federation

In 2019, after two years of growth, there was decline in the Russian aluminium bar market, when its value decreased by -X% to $X. In general, consumption, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Aluminium bar consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Aluminium Bar Production in the Russian Federation

In value terms, aluminium bar production reduced to $X in 2019 estimated in export prices. Overall, production continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. Aluminium bar production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Aluminium Bar Exports

Exports from the Russian Federation

In 2019, after three years of growth, there was significant decline in overseas shipments of aluminium bars, rods and profiles, when their volume decreased by -X% to X tonnes. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018, and then declined in the following year.

In value terms, aluminium bar exports declined dramatically to $X in 2019. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Germany (X tonnes), Kazakhstan (X tonnes) and Belarus (X tonnes) were the main destinations of aluminium bar exports from Russia, together accounting for X% of total exports. The U.S., the UK, Ukraine, Poland, Italy, the Czech Republic, China, France, Lithuania and Denmark lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Lithuania, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Kazakhstan ($X) were the largest markets for aluminium bar exported from Russia worldwide, with a combined X% share of total exports. Belarus, China, the UK, Poland, Ukraine, Italy, the Czech Republic, France, Denmark and Lithuania lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium bar export price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was China ($X per tonne), while the average price for exports to Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belarus, while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into the Russian Federation

In 2019, overseas purchases of aluminium bars, rods and profiles increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. In general, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, aluminium bar imports rose remarkably to $X in 2019. Over the period under review, imports showed a temperate expansion. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

Belarus (X tonnes), China (X tonnes) and Turkey (X tonnes) were the main suppliers of aluminium bar imports to Russia, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in China, while purchases for the other leaders experienced mixed trend patterns.

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

China recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 tonne in 2019, remaining stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Turkey ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

+

The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), together comprising 49% of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

+

The country with the largest volume of aluminium bar production was China (6.1M tonnes), comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. Brazil (1.2M tonnes) ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to the Russian Federation?

+

In value terms, the largest aluminium bar suppliers to Russia were Belarus ($79M), China ($44M) and Turkey ($15M), with a combined 78% share of total imports.

What are the leading importers of aluminium bars, rods and profiles from the Russian Federation?

+

In value terms, Germany ($38M), the U.S. ($23M) and Kazakhstan ($21M) were the largest markets for aluminium bar exported from Russia worldwide, together comprising 41% of total exports. These countries were followed by Belarus, China, the UK, Poland, Ukraine, Italy, the Czech Republic, France, Denmark and Lithuania, which together accounted for a further 41%.

What is the average export price for aluminium bars, rods and profiles in the Russian Federation?

+

The average aluminium bar export price stood at $3,179 per tonne in 2019, with a decrease of -8.8% against the previous year.

What is the average import price for aluminium bars, rods and profiles in the Russian Federation?

+

In 2019, the average aluminium bar import price amounted to $4,138 per tonne, approximately mirroring the previous year.