CIS: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in CIS

The CIS market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels fell to $X in 2021, which is down by -13.8% against the previous year. Overall, consumption continues to indicate a mild slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in CIS

In value terms, grease fittings and oil seals production shrank to $X in 2021 estimated in export price. Overall, production showed a mild curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in CIS

In 2021, after two years of growth, there was significant decline in overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, when their volume decreased by -14.6% to X units. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 350% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, grease fittings and oil seals exports declined remarkably to $X in 2021. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2014 with an increase of 350%. Over the period under review, the exports reached the maximum at $X in 2020, and then contracted remarkably in the following year.

Exports by Country

In 2021, Russia (X units) represented the major exporter of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in the CIS, creating 99% of total export.

Russia was also the fastest-growing in terms of the non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exports, with a CAGR of +30.3% from 2012 to 2021. While the share of Russia (+11 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest grease fittings and oil seals supplier in the CIS.

In Russia, grease fittings and oil seals exports increased at an average annual rate of +13.4% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, reducing by -20.8% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -13.0% per year.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in CIS

In 2021, overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 76% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals imports expanded markedly to $X in 2021. In general, imports saw strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 36%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

Russia was the largest importing country with an import of about X units, which resulted at 64% of total imports. It was distantly followed by Kyrgyzstan (X units), Armenia (X units) and Kazakhstan (X units), together constituting a 29% share of total imports. Uzbekistan (X units) and Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to grease fittings and oil seals imports into Russia stood at +19.9%. At the same time, Armenia (+72.7%), Tajikistan (+68.5%), Kyrgyzstan (+61.5%) and Uzbekistan (+16.2%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +72.7% from 2012-2021. By contrast, Kazakhstan (-2.0%) illustrated a downward trend over the same period. Kyrgyzstan (+13 p.p.), Armenia (+11 p.p.), Russia (+8.9 p.p.) and Tajikistan (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -19.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in the CIS, comprising 77% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 7.2% share of total imports. It was followed by Uzbekistan, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +6.2%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+42.0% per year) and Uzbekistan (+17.6% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with a decrease of -37.3% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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