Price for Chain and Parts Thereof, of Iron or Steel in Russia - 2022

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Russia (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Russia (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Russia
4. Exports of Chain and Parts Thereof, of Iron or Steel in Russia

Price for Chain and Parts Thereof, of Iron or Steel in Russia (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $2,616 per ton, reducing by -11.6% against the previous year. Over the period under review, the import price showed a slight descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 372%. As a result, import price attained the peak level of $12,334 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($11,742 per ton), while the price for China ($1,887 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Russia (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $4,914 per ton, growing by 47% against the previous year. Overall, the export price enjoyed a measured increase. The growth pace was the most rapid in 2018 an increase of 97%. As a result, the export price reached the peak level of $5,725 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($5,108 per ton) and Kazakhstan ($5,095 per ton), while the average price for exports to Armenia ($3,802 per ton) and Uzbekistan ($3,866 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Russia

In 2022, imports of chain and parts thereof, of iron or steel into Russia surged to 50K tons, picking up by 18% compared with the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of chain and parts thereof, of iron or steel expanded rapidly to $131M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Russia in 2022:

1. China (43.8K tons)
2. Germany (1.5K tons)
3. Italy (0.9K tons)
4. Czech Republic (0.3K tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Russia

In 2022, the amount of chain and parts thereof, of iron or steel exported from Russia fell markedly to 1.6K tons, dropping by -70% on the previous year's figure. Over the period under review, exports faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 5.2K tons, and then declined rapidly in the following year.

In value terms, exports of chain and parts thereof, of iron or steel declined sharply to $7.5M in 2022. In general, exports recorded a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of $17M, and then fell remarkably in the following year.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Russia in 2022:

1. Kazakhstan (988.8 tons)
2. Uzbekistan (266.2 tons)
3. Kyrgyzstan (83.8 tons)
4. Turkey (42.2 tons)
5. Armenia (34.5 tons)
6. Ukraine (23.4 tons)
7. China (0.2 tons)

Source: IndexBox Market Intelligence Platform