CIS: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in CIS

The CIS milling industry machinery market soared to $X in 2022, growing by X% against the previous year. Overall, consumption showed strong growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in CIS

In value terms, milling industry machinery production surged to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Milling Industry Machinery Exports

Exports in CIS

In 2022, overseas shipments of milling industry machinery decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, milling industry machinery exports declined rapidly to $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia represented the key exporter of milling industry machinery in the CIS, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Belarus (X units) ranks second in terms of the total exports with a X% share, followed by Kazakhstan (X%). The following exporters - Azerbaijan (X units) and Moldova (X units) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest milling industry machinery supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

In Russia, milling industry machinery exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, 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 Moldova ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

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

Milling Industry Machinery Imports

Imports in CIS

In 2022, imports of milling industry machinery in the CIS surged to X units, increasing by X% compared with 2021. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, milling industry machinery imports contracted markedly to $X in 2022. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Moldova represented the key importing country with an import of about X units, which amounted to X% of total imports. Uzbekistan (X units) ranks second in terms of the total imports with a X% share, followed by Kyrgyzstan (X%), Russia (X%), Kazakhstan (X%) and Azerbaijan (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Azerbaijan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported milling industry machinery in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

In Uzbekistan, milling industry machinery imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, waning by X% against the previous year. In general, the import price faced a deep contraction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Moldova ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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