CIS: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in CIS

In 2022, the CIS grinding and sharpening machine market increased by 3.9% to $X, rising for the sixth year in a row after two years of decline. In general, consumption, however, recorded a resilient increase. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Grinding And Sharpening Metal Finishing Machines in CIS

In value terms, grinding and sharpening machine production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 352%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in CIS

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -19.1% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 85% against the previous year. As a result, the exports reached the peak of X units, and then declined significantly in the following year.

In value terms, grinding and sharpening machine exports contracted notably to $X in 2022. Over the period under review, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 25% 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

The biggest shipments were from Belarus (X units) and Russia (X units), together resulting at 98% of total export.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +42.2%).

In value terms, Belarus ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022.

Russia, with a CAGR of -2.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, with an increase of 2.4% against the previous year. Overall, the export price, however, continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 an increase of 8.3% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Russia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-20.6%).

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in CIS

In 2022, supplies from abroad of grinding and sharpening metal finishing machines decreased by -9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 38% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine imports dropped slightly to $X in 2022. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Russia dominates imports structure, accounting for X units, which was near 87% of total imports in 2022. It was distantly followed by Belarus (X units), achieving a 9.7% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of grinding and sharpening metal finishing machines. At the same time, Belarus (+20.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +20.1% from 2012-2022. From 2012 to 2022, the share of Belarus increased by +8.1 percentage points.

In value terms, Russia ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in the CIS, comprising 84% of total imports. The second position in the ranking was taken by Belarus ($X), with a 7.9% share of total imports.

In Russia, grinding and sharpening machine imports contracted by an average annual rate of -7.3% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, with an increase of 5.9% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the import price increased by 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-6.6%).

Source: IndexBox Platform

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