Russian Federation: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in the Russian Federation

After six years of growth, the Russian metal castor mounting market decreased by -14.7% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined in the following year.

Metal Castor Mounting Exports

Exports from the Russian Federation

After two years of growth, overseas shipments of castors with mountings of base metal decreased by -10.8% to X tons in 2022. Over the period under review, exports, however, showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 163% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal castor mounting exports declined to $X in 2022. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 139% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of metal castor mounting exports from Russia, together accounting for 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +100.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) appeared to be the largest markets for metal castor mounting exported from Russia worldwide, with a combined 94% share of total exports.

Among the main countries of destination, Ukraine, with a CAGR of +76.1%, saw 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 metal castor mounting export price stood at $X per ton in 2022, reducing by -2.7% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Castor Mounting Imports

Imports into the Russian Federation

In 2022, overseas purchases of castors with mountings of base metal decreased by -7.5% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, metal castor mounting imports shrank dramatically to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal castor mounting to Russia, accounting for a 88% share of total imports. Moreover, metal castor mounting imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.9% per year) and the Czech Republic (+20.1% per year).

In value terms, China ($X) constituted the largest supplier of castors with mountings of base metal to Russia, comprising 82% of total imports. The second position in the ranking was held by Poland ($X), with a 7.1% share of total imports. It was followed by the Czech Republic, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.0% per year) and the Czech Republic (+11.2% per year).

Import Prices by Country

The average metal castor mounting import price stood at $X per ton in 2022, falling by -9.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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