Russian Federation: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in the Russian Federation

The Russian stainless steel angle market rose significantly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Stainless steel angle consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Stainless Steel Angle Production in the Russian Federation

In value terms, stainless steel angle production stood at $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Stainless Steel Angle Exports

Exports from the Russian Federation

In 2023, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel were finally on the rise to reach X tons after four years of decline. In general, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, stainless steel angle exports soared to $X in 2023. Over the period under review, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for stainless steel angle exports from Russia, with a X% share of total exports. Moreover, stainless steel angle exports to Azerbaijan exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. Armenia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Azerbaijan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Armenia (X% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Russia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Azerbaijan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Armenia (X% per year).

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into the Russian Federation

After five years of decline, purchases abroad of angles, shapes and sections of stainless steel or other alloy steel increased by X% to X tons in 2023. Overall, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports reached $X in 2023. In general, imports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of stainless steel angle imports to Russia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Russia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform