Russian Federation: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in the Russian Federation

The Russian agricultural forestry machinery market contracted rapidly to $X in 2022, declining by -17.2% against the previous year. In general, consumption recorded a abrupt descent. Agricultural forestry machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Agricultural Forestry Machinery Production in the Russian Federation

In value terms, agricultural forestry machinery production rose significantly to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 56%. Agricultural forestry machinery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Agricultural Forestry Machinery Exports

Exports from the Russian Federation

In 2022, after three years of growth, there was significant decline in shipments abroad of agricultural forestry machinery (lawn or sportsground rollers), when their volume decreased by -14.1% to X units. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 324%. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, agricultural forestry machinery exports declined to $X in 2022. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of 310% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for agricultural forestry machinery exports from Russia, with a 92% share of total exports. Moreover, agricultural forestry machinery exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at +11.4%.

In value terms, Kazakhstan ($X) remains the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Russia, comprising 95% of total exports. The second position in the ranking was taken by Belarus ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at +10.1%.

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, surging by 4.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 45%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Belarus totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-1.1%).

Agricultural Forestry Machinery Imports

Imports into the Russian Federation

In 2022, imports of agricultural forestry machinery (lawn or sportsground rollers) into Russia dropped markedly to X units, with a decrease of -15.1% against 2021. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 45%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, agricultural forestry machinery imports reduced sharply to $X in 2022. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 50%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Hungary (X units) were the main suppliers of agricultural forestry machinery imports to Russia, with a combined 45% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +13.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest agricultural forestry machinery suppliers to Russia were Poland ($X), China ($X) and Germany ($X), together accounting for 36% of total imports. Hungary, Italy, Spain, Canada, the Czech Republic, the United States, Sweden and Ukraine lagged somewhat behind, together comprising a further 14%.

Spain, with a CAGR of +20.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, waning by -1.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 78% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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