Russian Federation: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the Russian Federation

In 2020, the Russian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the Russian Federation

In value terms, iron, steel or aluminium reservoir production reduced modestly to $X in 2020 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Iron, steel or aluminium reservoir production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from the Russian Federation

In 2019, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers from Russia soared to X units, picking up by X% on the year before. Over the period under review, total exports indicated buoyant growth from 2012 to 2019: its volume increased at an average annual rate of X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2019, the growth of the exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports soared to $X in 2019. Overall, exports enjoyed a buoyant expansion. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Bangladesh (X units) were the main destinations of iron, steel or aluminium reservoir exports from Russia, together comprising X% of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) emerged as the key foreign market for iron, steel or aluminium reservoirs, tanks, vats and similar containers exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total exports. It was followed by Belarus, with an X% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Bangladesh totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2019, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, increasing by X% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2019: its price increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (X%), while the prices for the other major destinations experienced a decline.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into the Russian Federation

In 2019, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Russia; with an increase of X% on the previous year's figure. In general, total imports indicated temperate growth from 2012 to 2019: its volume increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by X% against 2017 indices. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports skyrocketed to $X in 2019. Overall, imports, however, saw a slight descent. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2019, the growth of imports remained at a lower figure.

Imports by Country

Belarus (X units), China (X units) and Italy (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Russia, with a combined X% share of total imports. Germany, the Czech Republic, South Korea, Turkey, Ukraine, Poland, France, Kazakhstan, the United States and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) constituted the largest iron, steel or aluminium reservoir suppliers to Russia, with a combined X% share of total imports. South Korea, Belarus, the Czech Republic, Poland, Turkey, France, the United States, Ukraine, Spain and Kazakhstan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, saw 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 2019, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, waning by X% against the previous year. Overall, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2019, 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 South Korea ($X per unit), while the price for Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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