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Russian Federation - Crude Steel and Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRussian Federation: Market for Raw Steel And Steel Semi-Finished Products 2024
Market Size for Raw Steel And Steel Semi-Finished Products in the Russian Federation
The Russian market for raw steel and steel semi-finished products rose significantly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Production of Raw Steel And Steel Semi-Finished Products in the Russian Federation
In value terms, production of raw steel and steel semi-finished products expanded sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; 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 X%. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.
Exports of Raw Steel And Steel Semi-Finished Products
Exports from the Russian Federation
In 2023, approx. X tons of raw steel and steel semi-finished products were exported from Russia; waning by X% compared with 2022 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw steel and steel semi-finished products rose modestly to $X in 2023. Overall, exports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.
Exports by Country
Turkey (X tons) was the main destination for exports of raw steel and steel semi-finished products from Russia, accounting for a X% share of total exports. Moreover, exports of raw steel and steel semi-finished products to Turkey exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by China (X tons), with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and China (X% per year).
In value terms, Turkey ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Italy, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Italy (X% per year).
Export Prices by Country
The average export price for raw steel and steel semi-finished products stood at $X per ton in 2023, picking up by X% against the previous year. In general, the export price posted a notable increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Raw Steel And Steel Semi-Finished Products
Imports into the Russian Federation
In 2023, supplies from abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.
In value terms, imports of raw steel and steel semi-finished products soared to $X in 2023. In general, imports, however, showed a abrupt contraction. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, Kazakhstan (X tons) was the main raw steel and steel semi-finished products supplier to Russia, with a X% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Kazakhstan exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by China (X tons), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).
In value terms, Kazakhstan ($X) constituted the largest supplier of raw steel and steel semi-finished products to Russia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.
From 2012 to 2023, the average annual growth rate of value from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).
Import Prices by Country
The average import price for raw steel and steel semi-finished products stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then shrank significantly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24102110 - Flat semi-finished products (of non-alloy steel)
- Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
- Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
- Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
- Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
- Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
- Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
- Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
- Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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