CIS: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in CIS

The CIS wood drilling machine market skyrocketed to $X in 2021, growing by 15% against the previous year. In general, consumption recorded a prominent increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Drilling Machine Production in CIS

In value terms, wood drilling machine production surged to $X in 2021 estimated in export price. Overall, production recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 83%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports in CIS

In 2021, the amount of drilling or morticing machines exported in the CIS soared to X units, surging by 37% on 2020 figures. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2018 when exports increased by 107%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, wood drilling machine exports fell to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 298%. The level of export peaked at $X in 2020, and then fell in the following year.

Exports by Country

Russia was the main exporting country with an export of about X units, which reached 76% of total exports. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together mixing up a 23% share of total exports.

Exports from Russia increased at an average annual rate of +22.7% from 2012 to 2021. At the same time, Belarus (+37.4%) and Kazakhstan (+8.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +37.4% from 2012-2021. From 2012 to 2021, the share of Russia and Belarus increased by +20 and +4.7 percentage points, respectively.

In value terms, Russia ($X) remains the largest wood drilling machine supplier in the CIS, comprising 86% of total exports. The second position in the ranking was held by Belarus ($X), with a 9.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +20.9%. In the other countries, the average annual rates were as follows: Belarus (+31.3% per year) and Kazakhstan (+8.6% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, with a decrease of -34.2% against the previous year. Overall, the export price, however, recorded a modest increase. The growth pace was the most rapid in 2015 when the export price increased by 157% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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 Belarus ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.4%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in CIS

In 2021, imports of drilling or morticing machines in the CIS soared to X units, increasing by 27% compared with 2020. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, wood drilling machine imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 78% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, recording X units, which was approx. 81% of total imports in 2021. Belarus (X units) ranks second in terms of the total imports with an 8.4% share, followed by Kazakhstan (5.2%). Uzbekistan (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood drilling machine imports into Russia stood at +12.1%. At the same time, Belarus (+20.9%) and Kazakhstan (+8.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +20.9% from 2012-2021. By contrast, Uzbekistan (-15.9%) illustrated a downward trend over the same period. While the share of Belarus (+4.1 p.p.) and Uzbekistan (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported drilling or morticing machines in the CIS, comprising 72% of total imports. The second position in the ranking was held by Belarus ($X), with a 15% share of total imports. It was followed by Kazakhstan, with a 6.2% share.

In Russia, wood drilling machine imports decreased by an average annual rate of -1.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+4.4% per year) and Kazakhstan (+14.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, jumping by 20% against the previous year. In general, the import price, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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