Price for Chain; Articulated Link, Roller, of Iron or Steel in Russia - 2022

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Russia (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Russia (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Russia
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Russia

Price for Chain; Articulated Link, Roller, of Iron or Steel in Russia (CIF) - 2022

In 2022, the average import price for chain; articulated link, roller, of iron or steel amounted to $3,066 per ton, shrinking by -14.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 20%. The import price peaked at $3,719 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Italy ($12,886 per ton), while the price for China ($2,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Russia (FOB) - 2022

The average export price for chain; articulated link, roller, of iron or steel stood at $5,523 per ton in 2022, rising by 32% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chain; articulated link, roller, of iron or steel increased by +56.1% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 35%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($6,942 per ton), while the average price for exports to Mongolia ($3,203 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Russia

In 2022, imports of chain; articulated link, roller, of iron or steel into Russia expanded sharply to 16K tons, increasing by 13% compared with the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +45.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of chain; articulated link, roller, of iron or steel declined to $48M in 2022. The total import value increased at an average annual rate of +6.3% 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 with an increase of 36% against the previous year. As a result, imports attained the peak of $50M, and then contracted modestly in the following year.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Russia in 2022:

1. China (14.0K tons)
2. Italy (0.5K tons)
3. Germany (0.4K tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Russia

In 2022, after three years of growth, there was significant decline in shipments abroad of chain; articulated link, roller, of iron or steel, when their volume decreased by -75.6% to 437 tons. In general, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of 1.8K tons, and then contracted remarkably in the following year.

In value terms, exports of chain; articulated link, roller, of iron or steel declined notably to $2.4M in 2022. Over the period under review, exports faced a sharp slump. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of $7.5M, and then dropped sharply in the following year.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Russia in 2022:

1. Kazakhstan (293.9 tons)
2. Turkey (40.4 tons)
3. Uzbekistan (36.1 tons)
4. Armenia (15.9 tons)
5. Azerbaijan (14.4 tons)
6. Mongolia (10.0 tons)
7. Ukraine (8.8 tons)
8. Estonia (0.4 tons)

Source: IndexBox Market Intelligence Platform