
Russian Federation - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends and Insights
Russian Federation: Pig Iron Articles Market 2023
Pig Iron Articles Market Size in the Russian Federation
The Russian pig iron articles market soared to $X in 2021, jumping by 16% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.
Pig Iron Articles Production in the Russian Federation
In value terms, pig iron articles production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. Pig iron articles production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.
Pig Iron Articles Exports
Exports from the Russian Federation
In 2021, approx. X tons of granules and powders of pig iron were exported from Russia; increasing by 12% on the year before. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.
In value terms, pig iron articles exports surged to $X in 2021. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 48%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
Exports by Country
Poland (X tons), Belarus (X tons) and the Czech Republic (X tons) were the main destinations of pig iron articles exports from Russia, with a combined 33% share of total exports. These countries were followed by Italy, Germany, Kazakhstan, the Netherlands, Slovenia, Ukraine, Serbia, Finland, France and Hungary, which together accounted for a further 41%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +104.0%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for pig iron articles exported from Russia were Poland ($X), Germany ($X) and Belarus ($X), with a combined 24% share of total exports. Italy, the Czech Republic, France, Kazakhstan, Ukraine, Serbia, Hungary, Slovenia, the Netherlands and Finland lagged somewhat behind, together accounting for a further 34%.
France, with a CAGR of +70.3%, recorded the highest growth rate of the value of exports, in terms of 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
In 2021, the average pig iron articles export price amounted to $X per ton, increasing by 15% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X 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 France (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Iron Articles Imports
Imports into the Russian Federation
In 2021, overseas purchases of granules and powders of pig iron increased by 4.6% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, imports, however, saw a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 61%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, pig iron articles imports skyrocketed to $X in 2021. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, Ukraine (X tons) constituted the largest pig iron articles supplier to Russia, with a 60% share of total imports. Moreover, pig iron articles imports from Ukraine exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine amounted to +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-6.6% per year) and China (+36.5% per year).
In value terms, Ukraine ($X), Sweden ($X) and China ($X) appeared to be the largest pig iron articles suppliers to Russia, with a combined 75% share of total imports.
Among the main suppliers, China, with a CAGR of +34.6%, recorded the highest growth rate of 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 pig iron articles import price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price, however, saw a mild decline. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+2.4%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the pig iron articles market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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