Russian Federation: Safes And Strongboxes Market Overview 2021

Safes And Strongboxes Market Size in the Russian Federation

In 2020, the Russian safes and strongboxes market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Safes And Strongboxes Production in the Russian Federation

In value terms, safes and strongboxes production dropped to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% y-o-y. Safes and strongboxes production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Safes And Strongboxes Exports

Exports from the Russian Federation

In 2020, after four years of growth, there was significant decline in shipments abroad of safes, strongboxes and doors of base metal, when their volume decreased by -X% to X tonnes. In general, exports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Exports peaked at X tonnes in 2019, and then shrank notably in the following year.

In value terms, safes and strongboxes exports shrank remarkably to $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then reduced dramatically in the following year.

Exports by Country

Poland (X tonnes), Kazakhstan (X tonnes) and Belarus (X tonnes) were the main destinations of safes and strongboxes exports from Russia, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Kazakhstan ($X) and Belarus ($X) appeared to be the largest markets for safes and strongboxes exported from Russia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Poland (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average safes and strongboxes export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price showed a slight decrease. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Belarus ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan, while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into the Russian Federation

For the third consecutive year, Russia recorded decline in purchases abroad of safes, strongboxes and doors of base metal, which decreased by -X% to X tonnes in 2020. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, safes and strongboxes imports amounted to $X in 2020. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of safes and strongboxes to Russia, accounting for a X% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tonnes), fivefold. Belarus (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Belarus (+X% per year).

In value terms, China ($X) constituted the largest supplier of safes and strongboxes to Russia, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Lithuania (-X% per year).

Import Prices by Country

The average safes and strongboxes import price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, import price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, safes and strongboxes import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Finland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safes, strongboxes and doors of base metal in the world?

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China (423K tonnes) constituted the country with the largest volume of safes and strongboxes consumption, accounting for 28% of total volume. Moreover, safes and strongboxes consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (187K tonnes), twofold. The third position in this ranking was occupied by India (173K tonnes), with a 11% share.

What are the largest producers of safes, strongboxes and doors of base metal in the world?

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China (625K tonnes) remains the largest safes and strongboxes producing country worldwide, accounting for 42% of total volume. Moreover, safes and strongboxes production in China exceeded the figures recorded by the second-largest producer, India (175K tonnes), fourfold. Mexico (73K tonnes) ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of safes, strongboxes and doors of base metal to the Russian Federation?

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In value terms, China ($2.2M) constituted the largest supplier of safes and strongboxes to Russia, comprising 42% of total imports. The second position in the ranking was occupied by Germany ($689K), with a 13% share of total imports. It was followed by Lithuania, with a 7.2% share.

What are the leading importers of safes, strongboxes and doors of base metal from the Russian Federation?

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In value terms, the largest markets for safes and strongboxes exported from Russia were Poland ($676K), Kazakhstan ($598K) and Belarus ($373K), with a combined 70% share of total exports.

What is the average export price for safes, strongboxes and doors of base metal in the Russian Federation?

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The average safes and strongboxes export price stood at $2,370 per tonne in 2020, falling by -7.5% against the previous year.

What is the average import price for safes, strongboxes and doors of base metal in the Russian Federation?

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In 2020, the average safes and strongboxes import price amounted to $5,115 per tonne, jumping by 19% against the previous year.