Russian Federation: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in the Russian Federation

The Russian agricultural product dryer market shrank markedly to $X in 2021, with a decrease of -28.3% against the previous year. Over the period under review, consumption recorded a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Agricultural Product Dryer Production in the Russian Federation

In value terms, agricultural product dryer production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. Agricultural product dryer production peaked in 2021 and is likely to see steady growth in years to come.

Agricultural Product Dryer Exports

Exports from the Russian Federation

In 2021, shipments abroad of dryers for the treatment of agricultural products increased by 104% to X units, rising for the second year in a row after two years of decline. In general, exports saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of 130% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, agricultural product dryer exports soared to $X in 2021. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 64% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for agricultural product dryer exports from Russia, accounting for a 65% share of total exports. Moreover, agricultural product dryer exports to Kazakhstan exceeded the volume sent to the second major destination, Latvia (X units), threefold. Belarus (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+25.4% per year) and Belarus (+13.0% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from Russia, comprising 86% of total exports. The second position in the ranking was held by Moldova ($X), with a 5.4% share of total exports. It was followed by Belarus, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+39.1% per year) and Belarus (+13.1% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, reducing by -26.9% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 94%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Latvia ($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 Turkmenistan (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into the Russian Federation

After two years of growth, supplies from abroad of dryers for the treatment of agricultural products decreased by -12.6% to X units in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then contracted in the following year.

In value terms, agricultural product dryer imports fell modestly to $X in 2021. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belarus (X units) constituted the largest supplier of agricultural product dryer to Russia, with a 49% share of total imports. Moreover, agricultural product dryer imports from Belarus exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was taken by China (X units), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Belarus totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.4% per year) and China (+2.8% per year).

In value terms, the largest agricultural product dryer suppliers to Russia were Italy ($X), Germany ($X) and Sweden ($X), with a combined 36% share of total imports. Belarus, the UK, Denmark, Latvia, Turkey, Argentina, China, Finland and the United States lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Latvia, with a CAGR of +81.9%, recorded the highest rates of growth with regard to 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 agricultural product dryer import price stood at $X per unit in 2021, picking up by 9.6% against the previous year. Overall, the import price, however, showed a abrupt contraction. The growth pace was the most rapid in 2013 an increase of 31%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 the UK ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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