CIS: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in CIS

In 2021, the CIS gear cutting machine market increased by 415% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gear Cutting Machine Production in CIS

In value terms, gear cutting machine production surged to $X in 2021 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 3,624%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Gear Cutting Machine Exports

Exports in CIS

In 2021, gear cutting machine exports in the CIS soared to X units, increasing by 21% compared with the previous year's figure. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.1% against 2018 indices. The pace of growth was the most pronounced in 2019 when exports increased by 55% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, gear cutting machine exports shrank remarkably to $X in 2021. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 118% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Russia represented the main exporting country with an export of about X units, which amounted to 65% of total exports. It was distantly followed by Belarus (X units), creating a 24% share of total exports. The following exporters - Armenia (X units) and Uzbekistan (X units) - each accounted for a 7.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to gear cutting machine exports from Russia stood at +3.2%. At the same time, Uzbekistan (+100.0%), Armenia (+16.7%) and Belarus (+2.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +100.0% from 2012-2021. While the share of Uzbekistan (+3.9 p.p.) and Armenia (+2.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gear cutting machine supplying countries in the CIS were Russia ($X), Belarus ($X) and Armenia ($X), together comprising 96% of total exports. These countries were followed by Uzbekistan, which accounted for a further 0.7%.

Uzbekistan, with a CAGR of +155.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, declining by -34.7% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by 50% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+27.6%), while the other leaders experienced mixed trends in the export price figures.

Gear Cutting Machine Imports

Imports in CIS

In 2021, supplies from abroad of gear cutting, gear grinding or gear finishing machines increased by 191% to X units, rising for the fifth consecutive year after three years of decline. In general, imports posted a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gear cutting machine imports soared to $X in 2021. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 204%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Uzbekistan was the main importing country with an import of around X units, which resulted at 71% of total imports. It was distantly followed by Belarus (X units) and Russia (X units), together generating a 28% share of total imports.

Uzbekistan was also the fastest-growing in terms of the gear cutting, gear grinding or gear finishing machines imports, with a CAGR of +638.1% from 2012 to 2021. Belarus (-9.1%) and Russia (-9.2%) illustrated a downward trend over the same period. While the share of Uzbekistan (+71 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-20.8 p.p.) and Belarus (-49.8 p.p.) displayed negative dynamics.

In value terms, the largest gear cutting machine importing markets in the CIS were Russia ($X), Uzbekistan ($X) and Belarus ($X), with a combined 100% share of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +278.8%, 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 a decline in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, reducing by -43.4% against the previous year. Over the period under review, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 107% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Uzbekistan ($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 (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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