FerroAlloys Market Overview in Russia
In value terms, ferroalloys production reached $ in 2019 estimated in export prices. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a somewhat lower figure.
The size of the ferroalloys market in Russia contracted to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep contraction. The growth pace was the most rapid in 2011 when the market value increased by % year-to-year. Russia consumption peaked at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.