CIS: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in CIS

The CIS lathe for removing metal market expanded significantly to $X in 2021, surging by 7.6% against the previous year. Overall, consumption, however, showed a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Lathes For Removing Metal in CIS

In value terms, lathe for removing metal production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by 58%. Over the period under review, lafor removing metal production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports in CIS

For the third year in a row, the CIS recorded growth in overseas shipments of lathes for removing metal, which increased by 128% to X units in 2021. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal exports soared to $X in 2021. Over the period under review, exports, however, recorded a mild curtailment. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus represented the major exporter of lathes for removing metal in the CIS, with the volume of exports finishing at X units, which was approx. 69% of total exports in 2021. It was distantly followed by Russia (X units), constituting a 25% share of total exports. Armenia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from Belarus stood at +24.7%. At the same time, Armenia (+38.2%) and Russia (+1.1%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +38.2% from 2012-2021. From 2012 to 2021, the share of Belarus and Armenia increased by +43 and +2.8 percentage points, respectively.

In value terms, the largest lathe for removing metal supplying countries in the CIS were Russia ($X), Belarus ($X) and Armenia ($X), together accounting for 99% of total exports.

In terms of the main exporting countries, Armenia, with a CAGR of +47.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, declining by -20.3% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by 18% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+6.7%), while the other leaders experienced a decline in the export price figures.

Imports of Lathes For Removing Metal

Imports in CIS

In 2021, supplies from abroad of lathes for removing metal increased by 14% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 53% against the previous year. Over the period under review, lafor removing metal imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, lathe for removing metal imports rose rapidly to $X in 2021. Over the period under review, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Russia represented the largest importer of lathes for removing metal in the CIS, with the volume of imports recording X units, which was approx. 75% of total imports in 2021. It was distantly followed by Belarus (X units), constituting a 16% share of total imports. Kazakhstan (X units) and Uzbekistan (X units) held a minor share of total imports.

Imports into Russia decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, Uzbekistan (+47.0%) and Belarus (+17.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +47.0% from 2012-2021. By contrast, Kazakhstan (-2.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belarus and Uzbekistan increased by +12 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported lathes for removing metal in the CIS, comprising 82% of total imports. The second position in the ranking was held by Belarus ($X), with a 9.1% share of total imports. It was followed by Uzbekistan, with a 4.5% share.

In Russia, lathe for removing metal imports shrank by an average annual rate of -2.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-2.3% per year) and Uzbekistan (+27.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, with a decrease of -6.1% against the previous year. Overall, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in 2015 when the import price increased by 25%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Belarus ($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 (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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