Russian Federation: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the Russian Federation

The Russian metal broaching machine market declined notably to $X in 2021, reducing by -44.4% 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). Overall, consumption continues to indicate a abrupt slump. Metal broaching machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Metal Broaching Machine Exports

Exports from the Russian Federation

In 2021, overseas shipments of broaching machines for working metal decreased by 0% to X units, falling for the second consecutive year after three years of decline. Overall, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 67%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal broaching machine exports surged to $X in 2021. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 2,046% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) and Belarus (X units) were the main destinations of metal broaching machine exports from Russia. Moreover, metal broaching machine exports in Kazakhstan exceeded the figures recorded by the second-largest exporter, Belarus, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of 0.0%).

In value terms, the largest markets for metal broaching machine exported from Russia were Kazakhstan ($X) and Belarus ($X).

Belarus, with a CAGR of +1.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average metal broaching machine export price amounted to $X per unit, which is down by -23.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 138%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kazakhstan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (-1.3%), while the prices for the other major destinations experienced a decline.

Metal Broaching Machine Imports

Imports into the Russian Federation

Metal broaching machine imports into Russia plummeted to X units in 2021, shrinking by -31.1% compared with the previous year. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 2,211% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports fell significantly to $X in 2021. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 2,438% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of metal broaching machine imports to Russia, together comprising 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of broaching machines for working metal to Russia, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Belarus, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.4% per year) and Belarus (-5.1% per year).

Import Prices by Country

In 2021, the average metal broaching machine import price amounted to $X per unit, dropping by -58.6% against the previous year. In general, the import price, however, posted measured growth. The growth pace was the most rapid in 2018 when the average import price increased by 65% against the previous year. The import price peaked at $X per unit in 2020, and then contracted dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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