Russian Federation: Shaft Coupling Market 2024

Shaft Coupling Market Size in the Russian Federation

The Russian shaft coupling market dropped modestly to $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a mild decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in the Russian Federation

In value terms, shaft coupling production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a slight descent. The pace of growth was the most pronounced in 2013 with an increase of 15%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from the Russian Federation

In 2022, shaft coupling exports from Russia contracted slightly to X tons, falling by -2.3% compared with the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 103% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, shaft coupling exports shrank to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 34%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for shaft coupling exports from Russia, accounting for a 42% share of total exports. Moreover, shaft coupling exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was taken by Belarus (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+20.2% per year) and Belarus (+0.8% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for clutches and shaft couplings exports from Russia, comprising 38% of total exports. The second position in the ranking was held by Belarus ($X), with an 18% share of total exports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+4.2% per year) and Germany (+7.3% per year).

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, declining by -6% against the previous year. Overall, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into the Russian Federation

In 2022, after three years of growth, there was decline in purchases abroad of clutches and shaft couplings, when their volume decreased by -3% to X tons. In general, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2017 when imports increased by 269% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, shaft coupling imports contracted to $X in 2022. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 225% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shaft coupling to Russia, with a 60% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by Ukraine (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.2% per year) and Ukraine (+3.5% per year).

In value terms, the largest shaft coupling suppliers to Russia were China ($X), Germany ($X) and the United States ($X), with a combined 62% share of total imports. Japan, Ukraine, Italy, Turkey and Belarus lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Turkey, with a CAGR of +15.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, shrinking by -6.6% against the previous year. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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