Russian Federation: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in the Russian Federation

In 2020, the Russian iron and steel wire market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a slight descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Iron and steel wire consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in the Russian Federation

In value terms, iron and steel wire production fell to $X in 2020 estimated in export prices. Over the period under review, production showed a noticeable decline. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from the Russian Federation

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) increased by X% to X tons, rising for the ninth year in a row after four years of decline. Overall, exports saw a modest increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to continue growth in years to come.

In value terms, iron and steel wire exports rose rapidly to $X in 2020. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons), Poland (X tons) and Belarus (X tons) were the main destinations of iron and steel wire exports from Russia, together comprising X% of total exports. These countries were followed by Germany, Lithuania, Kyrgyzstan, Luxembourg, Azerbaijan, Uzbekistan, Turkmenistan and Georgia, which together accounted for a further X 2007 to 2020, the biggest increases were in Georgia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from Russia were Poland ($X), Kazakhstan ($X) and Belarus ($X), with a combined X% share of total exports. These countries were followed by Germany, Lithuania, Kyrgyzstan, Luxembourg, Azerbaijan, Uzbekistan, Turkmenistan and Georgia, which together accounted for a further X 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 2020, the average iron and steel wire export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan, while the prices for the other major destinations experienced a decline.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into the Russian Federation

In 2020, supplies from abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports fell markedly to $X in 2020. In general, total imports indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Belarus (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of iron and steel wire imports to Russia, with a combined X% share of total imports. These countries were followed by India, Turkey, Italy, Vietnam and Germany, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to Russia were China ($X), Belarus ($X) and India ($X), together accounting for X% of total imports. These countries were followed by the Czech Republic, Germany, Italy, Turkey and Vietnam, which together accounted for a further X the main suppliers, Vietnam recorded 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

The average iron and steel wire import price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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