Ferro-silico-manganese market in Russia

Earlier Report Observations

The Russian ferro-silico-manganese market expanded from 427.5 thousand tons in 2018 to 521.2 thousand tons by 2020, driven primarily by rising demand for ferroalloys from the construction, shipbuilding, and automotive steel sectors. Major producers like the Chelyabinsk Electrometallurgical Plant and the Serov Ferroalloy Plant maintained strong output, supporting market growth. In 2020, increased manganese imports further met the metallurgical industry's needs, keeping the market on an upward trajectory.

After a slight dip to 509.0 thousand tons in 2021, the market regained momentum, reaching 591.8 thousand tons in 2023. This growth was fueled by the industry's adaptation to global challenges, including COVID‑19 restrictions in China and higher energy costs in Europe, which affected supply patterns. Additionally, capacity expansions at players like Pertama Ferroalloys and sustained demand for high‑quality steel in construction and machinery boosted production and market volume.

In 2024, the market contracted to 506.8 thousand tons, with production also declining. The market's reliance on imported manganese ore, coupled with ongoing global price pressures, likely contributed to this downturn. By 2025, production fell further to 438.8 thousand tons, indicating continued market adjustments.

Production ferro-silico-manganese in Russia

In kind, 2018-2021, K t

Ferro-silico-manganese production in Russia has increased for the third consecutive year. In 2021, Russia produced 426.9 K t of ferro-silico-manganese, showing a robust 11.0% increase compared to 2020. Over the period from 2018 to 2021, production grew by 39.9%, with a compound annual growth rate of 11.8%.

Annual dynamics of production in Russia in kind, 2018-2021, K t

Exports ferro-silico-manganese from Russia

Exports in kind, K t

The market showed an unstable trend throughout this period. In 2020, ferro-silico-manganese exports from Russia reached their lowest point at 37.4 K t, with the largest decline of 28.3% recorded that year. In 2021, exports surged to 88.4 K t, reflecting a sharp increase of 136.7% compared to the previous year. The difference between the peak in 2021 and the trough in 2020 was 2.4 times.

Annual dynamics of product's exports from Russia in kind, 2018-2021, K t

From 2018 to 2021, Belarus, the Netherlands, and Ukraine were the largest destinations for ferro-silico-manganese exports from Russia in volume terms. Belarus accounted for 43.4% of exports, the Netherlands for 20.5%, and Ukraine for 16.0%. Together, these three countries comprised 79.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Russia in kind, 2018-2021

Exports in value, M $ US

The market exhibited volatility during these years. In 2020, Russia's ferro-silico-manganese exports in value terms hit their lowest point at 34.5 M $ US, with the largest decline of 37.3% recorded in 2019. In 2021, exports rose sharply to 123.5 M $ US, up by 258.0% compared to 2020. The peak in 2021 was 3.6 times higher than the trough in 2020.

Annual dynamics of product's exports from Russia in value, 2018-2021, M $ US

Throughout 2018 to 2021, Belarus, Ukraine, and the Netherlands remained the primary markets for ferro-silico-manganese exports from Russia in value terms. Belarus held 39.2% of exports, Ukraine 20.5%, and the Netherlands 19.6%. Collectively, these three countries accounted for 79.3% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Russia in value, 2018-2021

Imports ferro-silico-manganese to Russia

Imports in kind, K t

In 2021, ferro-silico-manganese imports into Russia were recorded at 173.0 K t, marking a measured decline of 3.7% from 2020. The largest decrease of 6.4% occurred in 2019, while 2020 saw a slight increase of 0.1%. Over the period from 2018 to 2021, imports decreased by 9.8%, equating to an annualized rate of 3.4%.

Annual dynamics of product's imports to Russia in kind, 2018-2021, K t

From 2018 to 2021, Georgia and Kazakhstan together accounted for 89.7% of total ferro-silico-manganese imports into Russia in volume terms. Other countries contributed to a diversified but less significant portion of the imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Russia in kind, 2018-2021

Imports in value, M $ US

After a two-year decrease, Russia's ferro-silico-manganese import value increased. In 2020, imports reached their lowest point at 178.2 M $ US, with the largest decline of 15.8% recorded in 2019. In 2021, imports rose to 264.1 M $ US, up by 48.2% compared to 2020. Over the 2018-2021 period, imports grew by 16%, equating to an annualized rate of 5.1%.

Annual dynamics of product's imports to Russia in value, 2018-2021, M $ US

Over 2018 to 2021, Georgia and Kazakhstan together captured 89.9% of total ferro-silico-manganese imports into Russia in value terms. The remaining flows were thinly spread across other markets.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Russia in value, 2018-2021