Russia's total shipment of aluminium ingots estimated at 3.78 million mt in 2016, up 5.8% YoY

Russian Federation is the 10th largest export economy in the world and raw aluminium happens to be one of its top exports valued at US$7.64 billion. In 2015, aluminium worth US$6.9 billion was shipped globally from Russia; the volume comprised 2.1 per cent of the country’s total exports.

In the meantime, the global trade in unwrought aluminium amounted to US$20,941 million in 2015, showing strong fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports decreased again. Overall, there was an annual decrease of -2.9 per cent from 2007 to 2015. Russia remained the global leader in exports of unwrought aluminium. In 2015, Russia's unwrought aluminium exports totalled US$3762.6 million, which accounted for an 18 per cent share of the country's global exports.

Russia's total shipment of aluminium ingots estimated at 3.78 million mt in 2016, up 5.8% YoY

If we take only aluminium ingots into consideration, both alloyed and non-alloyed varieties, Russia’s exports amounted to 4.09 million tonnes in 2014. The volume saw a 12.71 per cent dip in 2015 when the total aluminium ingot exports reached 3.57 million tonnes. In 2016, the export quantity is estimated to edge higher by 5.8 per cent to stand at 3.78 million tonnes.

Value-wise, Russia’s total aluminium ingot exports recorded a year-over-year decline since 2014. In 2014, it was estimated at US$8.43 billion, which shrunk by 14.4 per cent in 2015 to stand at US$7.21 billion. The value is expected to shrink further by 1.94 per cent to total at US$7.07 billion in 2016.

The decline in realization of the export value is attributed partly to the slowdown in the global aluminium prices over the last one year; LME aluminium prices nosedived to their lowest in January 2016. Russia’s market share in the global aluminium trade, just like other ex-China aluminium producing regions, also shrunk a bit being encroached upon by the Chinese aluminium exports which flooded the global market like never before.

As per 2015 global exports data, Russia exported aluminium worth $991.5 million to Turkey, $787.6 million to Japan, $214.2 million to Poland, $142.9 million to Germany, $139.1 million to Italy, $1.5 billion to Netherlands, and $1.1 billion to the U.S.

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