CIS: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in CIS

The CIS machine-tool for drilling market dropped dramatically to $X in 2022, reducing by -28.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then declined remarkably in the following year.

Machine-Tool For Drilling Production in CIS

In value terms, machine-tool for drilling production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 53%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports in CIS

In 2022, shipments abroad of machine-tools for drilling, boring or milling metal decreased by -12.5% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. The volume of export peaked at X units in 2021, and then dropped in the following year.

In value terms, machine-tool for drilling exports reduced slightly to $X in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Belarus (X units) was the key exporter of machine-tools for drilling, boring or milling metal, making up 64% of total exports. Russia (X units) ranks second in terms of the total exports with a 15% share, followed by Armenia (11%) and Kazakhstan (9.6%).

Exports from Belarus increased at an average annual rate of +8.4% from 2012 to 2022. At the same time, Armenia (+46.5%) and Kazakhstan (+20.7%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +46.5% from 2012-2022. By contrast, Russia (-7.9%) illustrated a downward trend over the same period. While the share of Belarus (+20 p.p.), Armenia (+11 p.p.) and Kazakhstan (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-37.2 p.p.) displayed negative dynamics.

In value terms, the largest machine-tool for drilling supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), together comprising 95% of total exports. Armenia lagged somewhat behind, comprising a further 4%.

Armenia, with a CAGR of +13.4%, saw the highest rates of growth with regard to 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

In 2022, the export price in the CIS amounted to $X per unit, increasing by 14% against the previous year. In general, the export price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by 29%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 2022, the most notable rate of growth in terms of prices was attained by Russia (-3.5%), while the other leaders experienced a decline in the export price figures.

Machine-Tool For Drilling Imports

Imports in CIS

In 2022, the amount of machine-tools for drilling, boring or milling metal imported in the CIS amounted to X units, leveling off at 2021 figures. Overall, imports continue to indicate mild growth. The pace of growth was the most pronounced in 2017 when imports increased by 57%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports fell modestly to $X in 2022. Over the period under review, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 79% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the main importing country with an import of around X units, which accounted for 76% of total imports. Belarus (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (6.3%). Uzbekistan (X units) took a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of machine-tools for drilling, boring or milling metal. At the same time, Uzbekistan (+80.0%), Belarus (+14.4%) and Kazakhstan (+7.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +80.0% from 2012-2022. From 2012 to 2022, the share of Belarus, Uzbekistan and Kazakhstan increased by +7.7, +3.6 and +2.9 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported machine-tools for drilling, boring or milling metal in the CIS, comprising 71% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 10% share of total imports. It was followed by Belarus, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to -11.4%. In the other countries, the average annual rates were as follows: Kazakhstan (-5.1% per year) and Belarus (-3.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, declining by -5% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the import price increased by 68% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, 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 Kazakhstan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-11.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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