Russian Federation: Boring Machinery Market 2025

Boring Machinery Market Size in the Russian Federation

The Russian boring machinery market dropped to $X in 2022, shrinking by -11.6% against the previous year. Overall, consumption saw a noticeable setback. Boring machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Boring Machinery Production in the Russian Federation

In value terms, boring machinery production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 61%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Boring Machinery Exports

Exports from the Russian Federation

For the third consecutive year, Russia recorded growth in overseas shipments of boring or sinking machinery, which increased by 50% to X units in 2022. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2020 when exports increased by 215% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, boring machinery exports fell slightly to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 96% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units), Uzbekistan (X units) and Estonia (X units) were the main destinations of boring machinery exports from Russia, together comprising 85% of total exports. Belarus, Tajikistan and Moldova lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +78.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Estonia ($X) constituted the largest markets for boring machinery exported from Russia worldwide, with a combined 78% share of total exports. Belarus, Tajikistan and Moldova lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Moldova, with a CAGR of +49.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, with a decrease of -33.5% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 83%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Uzbekistan ($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 Turkmenistan (+2.3%), while the prices for the other major destinations experienced a decline.

Boring Machinery Imports

Imports into the Russian Federation

For the fifth consecutive year, Russia recorded decline in supplies from abroad of boring or sinking machinery, which decreased by -43.6% to X units in 2022. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 117% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, boring machinery imports reduced to $X in 2022. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 119% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of boring machinery to Russia, with a 78% share of total imports. Moreover, boring machinery imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.7% per year) and Poland (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of boring or sinking machinery to Russia, comprising 71% of total imports. The second position in the ranking was held by Canada ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-6.1% per year) and Poland (+1.2% per year).

Import Prices by Country

The average boring machinery import price stood at $X per unit in 2022, surging by 60% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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