Russian Federation: Disc Harrow Market 2024

Disc Harrow Market Size in the Russian Federation

In 2021, the Russian disc harrow market decreased by -13.9% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Disc Harrow Production in the Russian Federation

In value terms, disc harrow production reduced notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 56% against the previous year. As a result, production reached the peak level of $X, and then fell sharply in the following year.

Disc Harrow Exports

Exports from the Russian Federation

In 2021, overseas shipments of disc harrows decreased by -24.3% to X units, falling for the second consecutive year after eight years of growth. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 74% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, disc harrow exports surged to $X in 2021. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 107% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for disc harrow exports from Russia, with a 80% share of total exports. Moreover, disc harrow exports to Kazakhstan exceeded the volume sent to the second major destination, Moldova (X units), ninefold. Ukraine (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+12.6% per year) and Ukraine (-1.3% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for disc harrows exports from Russia, comprising 75% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9.7% share of total exports. It was followed by Moldova, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+16.1% per year) and Moldova (+17.6% per year).

Export Prices by Country

In 2021, the average disc harrow export price amounted to $X per unit, growing by 53% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 97%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Disc Harrow Imports

Imports into the Russian Federation

In 2021, supplies from abroad of disc harrows decreased by -4.7% to X units, falling for the fourth consecutive year after two years of growth. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 54% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, disc harrow imports surged to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 68% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X units), Ukraine (X units) and Belarus (X units) were the main suppliers of disc harrow imports to Russia, together accounting for 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +8.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of disc harrows to Russia, comprising 50% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total imports. It was followed by France, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+37.6% per year) and France (-0.7% per year).

Import Prices by Country

In 2021, the average disc harrow import price amounted to $X per unit, growing by 62% against the previous year. Overall, the import price saw a significant expansion. The growth pace was the most rapid in 2020 when the average import price increased by 323%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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