CIS: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in CIS

The CIS balancing mechanical parts machine market fell modestly to $X in 2021, shrinking by -2.5% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in CIS

In value terms, balancing mechanical parts machine production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 22%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machines For Balancing Mechanical Parts

Exports in CIS

In 2021, approx. X units of machines for balancing mechanical parts were exported in the CIS; picking up by 66% on the year before. In general, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 610%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, balancing mechanical parts machine exports soared to $X in 2021. Over the period under review, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2016 when exports increased by 225%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, finishing at X units, which was approx. 96% of total exports in 2021. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to balancing mechanical parts machine exports from Russia stood at +2.0%. At the same time, Belarus (+5.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +5.2% from 2012-2021. From 2012 to 2021, the share of Russia decreased by -1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest balancing mechanical parts machine supplier in the CIS, comprising 98% of total exports. The second position in the ranking was taken by Belarus ($X), with a 1.8% share of total exports.

In Russia, balancing mechanical parts machine exports increased at an average annual rate of +4.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, which is down by -13.8% against the previous year. In general, the export price, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2017 an increase of 106%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Belarus stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+3.4%).

Imports of Machines For Balancing Mechanical Parts

Imports in CIS

In 2021, after three years of decline, there was significant growth in purchases abroad of machines for balancing mechanical parts, when their volume increased by 162% to X units. In general, imports saw a perceptible increase. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X units) and Uzbekistan (X units) represented the key importers of machines for balancing mechanical parts in the CIS, together achieving 79% of total imports. It was distantly followed by Kazakhstan (X units), comprising a 12% share of total imports. Belarus (X units) and Azerbaijan (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +79.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported machines for balancing mechanical parts in the CIS, comprising 66% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 16% share of total imports. It was followed by Kazakhstan, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -9.2%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+60.9% per year) and Kazakhstan (-2.8% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, shrinking by -28.9% against the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2016 an increase of 62%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Kazakhstan (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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