Russian Federation: Wire And Cable Market 2024

Wire And Cable Market Size in the Russian Federation

The Russian wire and cable market shrank markedly to $X in 2022, declining by X% against the previous year. Overall, consumption continues to indicate a abrupt slump. Wire and cable consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wire And Cable Production in the Russian Federation

In value terms, wire and cable production fell slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Wire And Cable Exports

Exports from the Russian Federation

In 2022, approx. X tons of insulated wire and cable were exported from Russia; with a decrease of X% on the year before. Over the period under review, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, wire and cable exports fell dramatically to $X in 2022. In general, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for wire and cable exports from Russia, accounting for a X% share of total exports. Moreover, wire and cable exports to Kazakhstan exceeded the volume sent to the second major destination, the United States (X tons), tenfold. The third position in this ranking was taken by Mongolia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Mongolia (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for insulated wire and cable exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the United States (X% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Tajikistan ($X 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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into the Russian Federation

Wire and cable imports into Russia contracted sharply to X tons in 2022, waning by X% on the previous year's figure. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wire and cable imports shrank markedly to $X in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wire and cable to Russia, with a X% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Greece (X tons), sixfold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Russia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, 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 Germany (X% per year).

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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 the United States ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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