Russian Federation: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in the Russian Federation

The Russian non-alloy steel h-sections market dropped to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Non-Alloy Steel H-Sections Production in the Russian Federation

In value terms, non-alloy steel h-sections production declined to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Non-alloy steel h-sections production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Non-Alloy Steel H-Sections Exports

Exports from the Russian Federation

In 2022, the amount of h-sections of of non-alloy steel exported from Russia shrank significantly to X tons, falling by X% against 2021. Over the period under review, exports, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel h-sections exports contracted notably to $X in 2022. Overall, total exports indicated a temperate 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for non-alloy steel h-sections exports from Russia, accounting for a X% share of total exports. Moreover, non-alloy steel h-sections exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Turkey (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for h-sections of of non-alloy steel exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average non-alloy steel h-sections export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Turkey ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel H-Sections Imports

Imports into the Russian Federation

After two years of growth, purchases abroad of h-sections of of non-alloy steel decreased by X% to X tons in 2022. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports dropped notably to $X in 2022. In general, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-alloy steel h-sections to Russia, with a X% share of total imports. Moreover, non-alloy steel h-sections imports from Germany exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (X% per year) and Italy (X% per year).

In value terms, the largest non-alloy steel h-sections suppliers to Russia were Germany ($X), Italy ($X) and Luxembourg ($X), with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 non-alloy steel h-sections import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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