Russian Federation: Titanium Market 2022

Titanium Market Size in the Russian Federation

In 2021, the Russian titanium market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a pronounced reduction. Titanium consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Production in the Russian Federation

In value terms, titanium production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Exports

Exports from the Russian Federation

In 2021, shipments abroad of titanium sponge, powders, ingots and slabs decreased by -X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, titanium exports skyrocketed to $X in 2021. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of titanium exports from Russia, together accounting for X% of total exports. These countries were followed by Estonia, the UK, Italy and Spain, which together accounted for a further X 2012 to 2021, the biggest increases were in the UK (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for titanium exports from Russia, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2021, the average titanium export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Imports

Imports into the Russian Federation

For the third consecutive year, Russia recorded decline in supplies from abroad of titanium sponge, powders, ingots and slabs, which decreased by -X% to X tons in 2021. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, titanium imports fell significantly to $X in 2021. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) constituted the largest titanium supplier to Russia, accounting for a X% share of total imports. Moreover, titanium imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Kazakhstan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Ukraine (-X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of titanium to Russia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Kazakhstan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Ukraine (-X% per year).

Import Prices by Country

The average titanium import price stood at $X per ton in 2021, falling by -X% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Kazakhstan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform