Russian Federation: Refined Lead Market 2024

Refined Lead Market Size in the Russian Federation

The Russian refined lead market contracted modestly to $X in 2022, waning by -2.7% against the previous year. Over the period under review, consumption continues to indicate a pronounced decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Refined Lead Production in the Russian Federation

In value terms, refined lead production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a mild setback. The growth pace was the most rapid in 2017 when the production volume increased by 32% against the previous year. Refined lead production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Refined Lead Exports

Exports from the Russian Federation

After two years of growth, overseas shipments of refined lead (unwrought) decreased by -14.1% to X tons in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +49.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, refined lead exports declined markedly to $X in 2022. Overall, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +42.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons), Turkey (X tons) and Singapore (X tons) were the main destinations of refined lead exports from Russia, together accounting for 68% of total exports. Germany, Slovenia, Poland, the UK and Cayman Islands lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +54.1%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Turkey ($X) and Singapore ($X) were the largest markets for refined lead exported from Russia worldwide, together comprising 67% of total exports. Germany, Slovenia, Poland, the UK and Cayman Islands lagged somewhat behind, together accounting for a further 26%.

Slovenia, with a CAGR of +51.2%, 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 2022, the average refined lead export price amounted to $X per ton, dropping by -4.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Cayman Islands ($X per ton), while the average price for exports to Switzerland ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into the Russian Federation

After four years of growth, purchases abroad of refined lead (unwrought) decreased by -22.9% to X tons in 2022. Overall, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,170%. Imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, refined lead imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of 919% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) was the main refined lead supplier to Russia, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan amounted to +4.4%.

In value terms, Kazakhstan ($X) constituted the largest supplier of refined lead (unwrought) to Russia.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan amounted to +3.4%.

Import Prices by Country

In 2022, the average refined lead import price amounted to $X per ton, reducing by -6.9% against the previous year. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 24%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -1.0% per year.

Source: IndexBox Platform

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