Russian Federation: Bismuth Market 2024

Bismuth Market Size in the Russian Federation

The Russian bismuth market soared to $X in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a abrupt contraction. Bismuth consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Bismuth Production in the Russian Federation

In value terms, bismuth production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Bismuth production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bismuth Exports

Exports from the Russian Federation

In 2022, shipments abroad of bismuth decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, bismuth exports reduced markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for bismuth exports from Russia, accounting for a X% share of total exports. Moreover, bismuth exports to Germany exceeded the volume sent to the second major destination, China (X kg), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X kg), with a X% share.

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

In value terms, Taiwan (Chinese) ($X), Germany ($X) and China ($X) were the largest markets for bismuth exported from Russia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bismuth export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a pronounced decrease. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped markedly 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 Taiwan (Chinese) ($X per ton), while the average price for exports to Germany ($X 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bismuth Imports

Imports into the Russian Federation

For the third year in a row, Russia recorded growth in purchases abroad of bismuth, which increased by X% to X tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, bismuth imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Kazakhstan (X tons) and Turkey (X tons) were the main suppliers of bismuth imports to Russia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest bismuth suppliers to Russia were Kazakhstan ($X), China ($X) and Turkey ($X), together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bismuth import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a deep reduction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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