CIS: Threshing Machinery Market 2024

Threshing Machinery Market Size in CIS

After seven years of decline, the CIS threshing machinery market increased by 21% to $X in 2022. Overall, consumption, however, continues to indicate a deep slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Threshing Machinery Production in CIS

In value terms, threshing machinery production totaled $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Threshing Machinery Exports

Exports in CIS

After three years of growth, overseas shipments of threshing machinery except combine harvester-threshers decreased by -74.5% to X units in 2022. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 66%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, threshing machinery exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 72% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus was the key exporting country with an export of about X units, which amounted to 80% of total exports. It was distantly followed by Russia (X units), achieving a 20% share of total exports.

Exports from Belarus decreased at an average annual rate of -18.8% from 2012 to 2022. At the same time, Russia (+48.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +48.9% from 2012-2022. Russia (+19 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -19.8% from 2012 to 2022, respectively.

In value terms, Belarus ($X) remains the largest threshing machinery supplier in the CIS, comprising 87% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belarus amounted to -19.5%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, falling by -2.5% against the previous year. Overall, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2017 when the export price increased by 29% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Russia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-0.8%).

Threshing Machinery Imports

Imports in CIS

In 2022, the amount of threshing machinery except combine harvester-threshers imported in the CIS reduced to X units, with a decrease of -7.6% on the previous year's figure. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 235%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, threshing machinery imports dropped to $X in 2022. In general, imports saw a perceptible curtailment. The growth pace was the most rapid in 2016 when imports increased by 243% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the largest importer of threshing machinery except combine harvester-threshers in the CIS, with the volume of imports reaching X units, which was near 80% of total imports in 2022. It was distantly followed by Russia (X units), achieving an 11% share of total imports. The following importers - Moldova (X units), Tajikistan (X units) and Azerbaijan (X units) - each amounted to a 5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to threshing machinery imports into Kazakhstan stood at +13.7%. At the same time, Azerbaijan (+30.2%), Tajikistan (+14.1%) and Moldova (+5.6%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +30.2% from 2012-2022. By contrast, Russia (-28.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan, Tajikistan and Azerbaijan increased by +74, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest threshing machinery importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Moldova ($X), together accounting for 97% of total imports. These countries were followed by Azerbaijan and Tajikistan, which together accounted for a further 1.4%.

In terms of the main importing countries, Azerbaijan, with a CAGR of +29.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, shrinking by -3.9% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 153%. The level of import peaked at $X per unit in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+28.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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