Russian Federation: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in the Russian Federation

The Russian market for wood boxes, crates and cable drums was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Wood Boxes, Crates and Cable Drums in the Russian Federation

In value terms, wood box and cable drum production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The growth pace was the most rapid in 2014 when the production volume increased by 61%. Over the period under review, production reached the peak level at $X in 2018; afterwards, it flattened through to 2022.

Exports of Wood Boxes, Crates and Cable Drums

Exports from the Russian Federation

In 2022, shipments abroad of wood boxes, crates and cable drums decreased by -41.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 481% against the previous year. As a result, the exports reached the peak of X units, and then reduced markedly in the following year.

In value terms, wood box and cable drum exports fell rapidly to $X in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 503%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Brazil (X units), Thailand (X units) and Spain (X units) were the main destinations of wood box and cable drum exports from Russia, together comprising 74% of total exports. Mexico, the UK, Kazakhstan and Belarus lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +9,898.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood box and cable drum exported from Russia were Brazil ($X), Thailand ($X) and Spain ($X), with a combined 74% share of total exports. Mexico, the UK, Kazakhstan and Belarus lagged somewhat behind, together comprising a further 22%.

Mexico, with a CAGR of +13,537.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for wood boxes, crates and cable drums amounted to $X per unit, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belarus ($X per unit) and Brazil ($X per unit), while the average price for exports to Kazakhstan ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into the Russian Federation

In 2022, approx. X units of wood boxes, crates and cable drums were imported into Russia; rising by 26% compared with 2021. Overall, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 52% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wood box and cable drum imports reached $X in 2022. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 84%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X units), Belarus (X units) and Latvia (X units) were the main suppliers of wood box and cable drum imports to Russia.

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 +264.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wood box and cable drum suppliers to Russia were Hungary ($X), Belarus ($X) and Latvia ($X).

Among the main suppliers, Hungary, with a CAGR of +288.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for wood boxes, crates and cable drums stood at $X per unit in 2022, declining by -15.8% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum import price increased by +13.9% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 35%. As a result, import price reached the peak level of $X per unit, and then fell significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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