Russian Federation: Unwrought Titanium Market Overview 2021

Unwrought Titanium Market Size in the Russian Federation

The Russian unwrought titanium market expanded markedly to $X in 2020, picking up by X% against the previous year. Overall, consumption recorded a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to continue growth in years to come.

Unwrought Titanium Production in the Russian Federation

In value terms, unwrought titanium production reached $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Unwrought Titanium Exports

Exports from the Russian Federation

In 2020, overseas shipments of titanium, unwrought, incl. sponge, powders, ingots and slabs decreased by -X% to X tonnes, falling for the third year in a row after five years of growth. Over the period under review, exports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, unwrought titanium exports fell markedly to $X in 2020. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

South Korea (X tonnes), the U.S. (X tonnes) and Estonia (X tonnes) were the main destinations of unwrought titanium exports from Russia, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in South Korea, while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2020, the average unwrought titanium export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Estonia ($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 the UK, while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Titanium Imports

Imports into the Russian Federation

In 2020, overseas purchases of titanium, unwrought, incl. sponge, powders, ingots and slabs decreased by -X% to X tonnes, falling for the seventh consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, unwrought titanium imports contracted to $X in 2020. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Kazakhstan (X tonnes) constituted the largest unwrought titanium supplier to Russia, with a X% share of total imports. Moreover, unwrought titanium imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Ukraine (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Kazakhstan amounted to -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Kazakhstan stood at -X%.

Import Prices by Country

The average unwrought titanium import price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Ukraine ($X per tonne), while the price for Kazakhstan stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ukraine.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium, unwrought, incl. sponge, powders, ingots and slabs in the world?

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The countries with the highest volumes of unwrought titanium consumption in 2020 were Mozambique (1.5M tonnes), Canada (881K tonnes) and China (780K tonnes), with a combined 54% share of global consumption.

What are the largest producers of titanium, unwrought, incl. sponge, powders, ingots and slabs in the world?

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The countries with the highest volumes of unwrought titanium production in 2020 were Mozambique (1.5M tonnes), Canada (883K tonnes) and Australia (779K tonnes), with a combined 54% share of global production.

What are the leading suppliers of titanium, unwrought, incl. sponge, powders, ingots and slabs to the Russian Federation?

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In value terms, Kazakhstan ($3M) constituted the largest supplier of unwrought titanium to Russia, comprising 71% of total imports. The second position in the ranking was occupied by Ukraine ($1.2M), with a 28% share of total imports.

What are the leading importers of titanium, unwrought, incl. sponge, powders, ingots and slabs from the Russian Federation?

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In value terms, the U.S. ($32M) remains the key foreign market for unwrought titanium exports from Russia, comprising 44% of total exports. The second position in the ranking was occupied by South Korea ($13M), with a 17% share of total exports. It was followed by Germany, with a 8.2% share.

What is the average export price for titanium, unwrought, incl. sponge, powders, ingots and slabs in the Russian Federation?

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The average unwrought titanium export price stood at $8,709 per tonne in 2020, declining by -8.6% against the previous year.

What is the average import price for titanium, unwrought, incl. sponge, powders, ingots and slabs in the Russian Federation?

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The average unwrought titanium import price stood at $8,924 per tonne in 2020, waning by -2.4% against the previous year.