Russian Federation: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in the Russian Federation

In 2021, the Russian concrete reinforcing wire rod market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a precipitous contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Wire Rod Used For Concrete Reinforcing in the Russian Federation

In value terms, concrete reinforcing wire rod production reached $X in 2021 estimated in export price. Overall, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Concrete reinforcing wire rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from the Russian Federation

In 2021, the amount of wire rod used for concrete reinforcing exported from Russia skyrocketed to X tons, growing by X% compared with 2020 figures. Overall, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, concrete reinforcing wire rod exports skyrocketed to $X in 2021. Over the period under review, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X tons) was the main destination for concrete reinforcing wire rod exports from Russia, with a X% share of total exports. Moreover, concrete reinforcing wire rod exports to Israel exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was taken by Kazakhstan (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Kazakhstan (+X% per year).

In value terms, Israel ($X) remains the key foreign market for concrete reinforcing wire rod exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Turkey (+X% per year).

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Italy ($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 the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into the Russian Federation

In 2021, supplies from abroad of wire rod used for concrete reinforcing decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod imports reduced sharply to $X in 2021. Over the period under review, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of concrete reinforcing wire rod to Russia, with a X% share of total imports. Moreover, concrete reinforcing wire rod imports from Ukraine exceeded the figures recorded by the second-largest supplier, Moldova (X tons), eightfold. The third position in this ranking was taken by Belarus (X tons), with an X% share.

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

In value terms, Ukraine ($X) constituted the largest supplier of concrete reinforcing wire rod to Russia, comprising X% of total imports. The second position in the ranking was taken by Moldova ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

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

Import Prices by Country

In 2021, the average concrete reinforcing wire rod import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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