CIS: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in CIS

The CIS wood bending machine market reached $X in 2021, with an increase of 13% against the previous year. In general, consumption showed a remarkable increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Wood Bending Machine Production in CIS

In value terms, wood bending machine production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports in CIS

In 2021, the amount of bending or assembling machines exported in the CIS stood at X units, with an increase of 1.9% on the previous year's figure. In general, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 145%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, wood bending machine exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 187%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Russia represented the major exporting country with an export of about X units, which accounted for 55% of total exports. It was distantly followed by Azerbaijan (X units), making up a 36% share of total exports. The following exporters - Kazakhstan (X units) and Moldova (X units) - each recorded a 6.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Azerbaijan (with a CAGR of +7,500.0%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X) emerged as the largest wood bending machine supplier in the CIS, comprising 76% of total exports. The second position in the ranking was held by Russia ($X), with an 18% share of total exports. It was followed by Moldova, with a 0.9% share.

In Azerbaijan, wood bending machine exports increased at an average annual rate of +63,822.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (+12.9% per year) and Moldova (+8.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, jumping by 128% against the previous year. Over the period under review, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+741.1%), while the other leaders experienced more modest paces of growth.

Wood Bending Machine Imports

Imports in CIS

In 2021, approx. X units of bending or assembling machines were imported in the CIS; surging by 6.5% against the previous year's figure. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 232%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, wood bending machine imports surged to $X in 2021. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 75%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Russia dominates imports structure, amounting to X units, which was approx. 79% of total imports in 2021. Belarus (X units) ranks second in terms of the total imports with a 7.3% share, followed by Uzbekistan (4.9%). Kazakhstan (X units) and Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wood bending machine imports into Russia stood at +10.1%. At the same time, Tajikistan (+29.8%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +29.8% from 2012-2021. Uzbekistan and Kazakhstan experienced a relatively flat trend pattern. By contrast, Belarus (-3.2%) illustrated a downward trend over the same period. While the share of Russia (+18 p.p.), Uzbekistan (+4.9 p.p.) and Tajikistan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-4.4 p.p.) and Belarus (-10.8 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported bending or assembling machines in the CIS, comprising 89% of total imports. The second position in the ranking was held by Belarus ($X), with a 7.2% share of total imports. It was followed by Uzbekistan, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +12.5%. In the other countries, the average annual rates were as follows: Belarus (-4.9% per year) and Uzbekistan (-25.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with an increase of 19% against the previous year. In general, the import price enjoyed a mild expansion. The growth pace was the most rapid in 2014 when the import price increased by 59% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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