CIS: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in CIS

The CIS driving and non-driving axle market skyrocketed to $X in 2021, picking up by 37% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Drive-Axles with Differential and Non-Driving Axles in CIS

In value terms, driving and non-driving axle production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in CIS

In 2021, the amount of drive-axles with differential and non-driving axles exported in the CIS soared to X tons, with an increase of 34% against 2020 figures. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 193% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, driving and non-driving axle exports skyrocketed to $X in 2021. Over the period under review, exports posted slight growth. The pace of growth appeared the most rapid in 2017 when exports increased by 190%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia was the key exporter of drive-axles with differential and non-driving axles in the CIS, with the volume of exports finishing at X tons, which was near 78% of total exports in 2021. It was distantly followed by Belarus (X tons), committing an 18% share of total exports.

Russia was also the fastest-growing in terms of the drive-axles with differential and non-driving axles exports, with a CAGR of +11.8% from 2012 to 2021. Belarus (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +27 percentage points.

In value terms, Russia ($X) remains the largest driving and non-driving axle supplier in the CIS, comprising 76% of total exports. The second position in the ranking was held by Belarus ($X), with an 18% share of total exports.

In Russia, driving and non-driving axle exports increased at an average annual rate of +6.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, reducing by -3.1% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2020 when the export price increased by 7.1% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.1%).

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in CIS

In 2021, approx. X tons of drive-axles with differential and non-driving axles were imported in the CIS; with an increase of 29% on 2020 figures. Over the period under review, imports posted a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 133% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, driving and non-driving axle imports skyrocketed to $X in 2021. Overall, imports posted a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 104% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, reaching X tons, which was approx. 83% of total imports in 2021. Kazakhstan (X tons) ranks second in terms of the total imports with a 6.9% share, followed by Belarus (4.7%). Uzbekistan (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of drive-axles with differential and non-driving axles. At the same time, Uzbekistan (+37.0%), Kazakhstan (+5.7%) and Belarus (+1.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +37.0% from 2012-2021. While the share of Uzbekistan (+3.4 p.p.) and Kazakhstan (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in the CIS, comprising 86% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 4.5% share of total imports. It was followed by Uzbekistan, with a 4.2% share.

In Russia, driving and non-driving axle imports increased at an average annual rate of +1.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+6.9% per year) and Uzbekistan (+51.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 16%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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