Russian Federation: Book Folding Machine Market 2024

Book Folding Machine Market Size in the Russian Federation

The Russian book folding machine market declined to $X in 2022, with a decrease of -8.5% against the previous year. In general, consumption saw a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Book Folding Machine Production in the Russian Federation

In value terms, book folding machine production declined dramatically to $X in 2022 estimated in export price. In general, production showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,159% against the previous year. As a result, production reached the peak level of $X, and then reduced notably in the following year.

Book Folding Machine Exports

Exports from the Russian Federation

Book folding machine exports from Russia shrank notably to X units in 2022, dropping by -70.3% against the previous year. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 321%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, book folding machine exports shrank markedly to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 262% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X units), Armenia (X units) and Belarus (X units) were the main destinations of book folding machine exports from Russia, with a combined 62% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +64.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for book folding machine exported from Russia were Moldova ($X), Turkey ($X) and Armenia ($X), with a combined 84% share of total exports.

Armenia, with a CAGR of +86.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average book folding machine export price amounted to $X per unit, growing by 115% against the previous year. In general, the export price saw buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+111.4%), while the prices for the other major destinations experienced more modest paces of growth.

Book Folding Machine Imports

Imports into the Russian Federation

In 2022, approx. X units of folding machines for books were imported into Russia; falling by -6.3% compared with the year before. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 134% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, book folding machine imports dropped sharply to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 152% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest book folding machine supplier to Russia, with a 32% share of total imports. Moreover, book folding machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Poland (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and Poland (-13.2% per year).

In value terms, Germany ($X) constituted the largest supplier of folding machines for books to Russia, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with a 6.1% share of total imports. It was followed by Lithuania, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.0% per year) and Lithuania (-21.4% per year).

Import Prices by Country

The average book folding machine import price stood at $X per unit in 2022, which is down by -10.7% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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