Russian Federation: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in the Russian Federation

The Russian metal solid fuel appliances market dropped to $X in 2022, declining by -2.1% against the previous year. In general, consumption saw a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Iron Or Steel Solid Fuel Domestic Appliances in the Russian Federation

In value terms, metal solid fuel appliances production contracted slightly to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 12%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from the Russian Federation

In 2022, after five years of growth, there was significant decline in overseas shipments of iron or steel solid fuel domestic appliances, when their volume decreased by -14% to X units. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 209% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, metal solid fuel appliances exports dropped sharply to $X in 2022. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 172%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined sharply in the following year.

Exports by Country

Belarus (X units), Finland (X units) and Latvia (X units) were the main destinations of metal solid fuel appliances exports from Russia, with a combined 87% share of total exports. Kazakhstan, Canada and Ukraine lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +70.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal solid fuel appliances exported from Russia were Belarus ($X), Finland ($X) and Latvia ($X), with a combined 75% share of total exports. Kazakhstan, Canada and Ukraine lagged somewhat behind, together accounting for a further 21%.

Canada, with a CAGR of +52.9%, saw the highest rates of growth with regard to 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

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, shrinking by -6.9% against the previous year. In general, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 18%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into the Russian Federation

In 2022, metal solid fuel appliances imports into Russia expanded slightly to X units, surging by 3.7% compared with the previous year. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 69%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal solid fuel appliances imports shrank to $X in 2022. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 109%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal solid fuel appliances to Russia, accounting for a 70% share of total imports. Moreover, metal solid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), sevenfold. The third position in this ranking was taken by the Czech Republic (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-4.3% per year) and the Czech Republic (+10.1% per year).

In value terms, the largest metal solid fuel appliances suppliers to Russia were China ($X), the Czech Republic ($X) and Germany ($X), together comprising 59% of total imports. Belarus, Serbia, Croatia, Poland, France, Finland and Italy lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Croatia, with a CAGR of +29.9%, 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

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, dropping by -14% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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