The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 3/2024. World Economy and International Relations.
Vlas A. Ryazanov
Cand. Sci. (Geogr.), Senior Researcher at the Institute of Economics of the Russian Academy of Sciences, Moscow, Russia
THE PRICE MARKET SITUATION AND THE REDIRECTION OF RUSSIAN ALUMINIUM EXPORT TO ASIAN MARKETS IN 2022–2023
 88-103 |
 463.79 KB |
 Full text |
Abstract
The author studies the impact of market prices on the geographic sales changes of aluminium, which is historically one of the key Russian exports. The increase in supplies to the markets of China, South Korea and Turkey after February 2022 was accompanied by price decline. The regression analysis has shown that without the factor of sanctions risks in this market situation, imports from Russia would have decreased, as it steadily happened with supplies from other countries. The article also examines other market factors of the deterioration of the financial situation of the Russian aluminium industry – the rise in the costs of imported alumina due to a change of suppliers, as well as Russia’s weak energy advantages over other countries due to low prices for oil and gas. The measures of the state industrial policy to restore the global competitiveness of the industry were proposed.
Keywords: Russia, China, Japan, South Korea, Turkey, export, aluminum, prices, regression analysis.
JEL: С22, F14, L61
EDN: NFCWVP
DOI: https://doi.org/10.52180/2073-6487_ 2024_3_88_103
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Manuscript submission date: 13.04.2024
For citation:
Ryazanov V.A. The price market situation and the redirection of Russian aluminium export to Asian markets in 2022–2023 // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2024. № 3. Pp. 88-103. (In Russ.). https://doi.org/10.52180/2073-6487_ 2024_3_88_103 EDN: NFCWVP
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