Russian Federation: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in the Russian Federation

After two years of growth, the Russian endless machinery band market decreased by -15.9% to $X in 2021. Overall, consumption saw a slight decline. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Endless Machinery Band Production in the Russian Federation

In value terms, endless machinery band production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 267%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Endless Machinery Band Exports

Exports from the Russian Federation

In 2021, exports of endless bands for machinery, of stainless steel from Russia totaled X square meters, surging by 14% on 2020 figures. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 886% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, endless machinery band exports declined notably to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 229%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X square meters) was the main destination for endless machinery band exports from Russia, with a 87% share of total exports. Moreover, endless machinery band exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X square meters), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus stood at +113.5%.

In value terms, Kazakhstan ($X) remains the key foreign market for endless machinery band exports from Russia, comprising 72% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +51.3%.

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, waning by -44.1% against the previous year. Overall, the export price saw a dramatic curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 119%. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per square meter), while the average price for exports to Belarus stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+2.0%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into the Russian Federation

Endless machinery band imports into Russia surged to X square meters in 2021, growing by 49% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 66%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, endless machinery band imports soared to $X in 2021. Over the period under review, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.7% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X square meters), Italy (X square meters) and the United States (X square meters) were the main suppliers of endless machinery band imports to Russia, together accounting for 65% of total imports. These countries were followed by Spain, Germany, the Netherlands, Japan, the UK and Serbia, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +109.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest endless machinery band suppliers to Russia were Italy ($X), Germany ($X) and China ($X), together accounting for 59% of total imports. These countries were followed by the United States, Spain, Japan, Serbia, the UK and the Netherlands, which together accounted for a further 31%.

Japan, with a CAGR of +111.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, declining by -22% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, endless machinery band import price decreased by -28.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 74% against the previous year. The import price peaked at $X per square meter in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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