Russian Federation: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in the Russian Federation

The Russian self-propelled boring machinery market surged to $X in 2022, rising by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports from the Russian Federation

In 2022, approx. X units of self-propelled boring or sinking machinery were exported from Russia; rising by 49% against 2021 figures. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 130%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, self-propelled boring machinery exports shrank rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 233%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X units) was the main destination for self-propelled boring machinery exports from Russia, with a 95% share of total exports. Moreover, self-propelled boring machinery exports to Egypt exceeded the volume sent to the second major destination, Kazakhstan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at +294.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-9.1% per year) and Uzbekistan (-2.8% per year).

In value terms, Egypt ($X) emerged as the key foreign market for self-propelled boring or sinking machinery exports from Russia, comprising 94% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt stood at +395.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-25.9% per year) and Kazakhstan (-22.0% per year).

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, declining by -45.6% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 an increase of 49%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+25.7%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into the Russian Federation

In 2022, the amount of self-propelled boring or sinking machinery imported into Russia soared to X units, growing by 68% against the previous year's figure. Overall, imports saw a slight increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled boring machinery imports shrank slightly to $X in 2022. In general, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 54%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest self-propelled boring machinery supplier to Russia, accounting for a 75% share of total imports. Moreover, self-propelled boring machinery imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), ninefold. The third position in this ranking was taken by Japan (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+14.5% per year) and Japan (+9.3% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Russia, comprising 66% of total imports. The second position in the ranking was taken by Finland ($X), with a 9.7% share of total imports. It was followed by the United States, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-5.9% per year) and the United States (-17.3% per year).

Import Prices by Country

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, with a decrease of -42.3% against the previous year. In general, the import price showed a deep slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 23% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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