Russian Federation: Gear Box Market 2025

Gear Box Market Size in the Russian Federation

The Russian gear box market fell to $X in 2022, which is down by -13.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. Gear box consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Gear Box Exports

Exports from the Russian Federation

Gear box exports from Russia amounted to X units in 2022, increasing by 5.7% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 172%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, gear box exports declined to $X in 2022. In general, exports posted a mild increase. The most prominent rate of growth was recorded in 2017 when exports increased by 208%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Uzbekistan (X units) were the main destinations of gear box exports from Russia, together comprising 70% of total exports. Romania, Egypt, Ukraine, Mongolia, Azerbaijan and Turkmenistan lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +55.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for gear boxes exports from Russia, comprising 49% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 22% share of total exports. It was followed by Egypt, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+2.9% per year) and Egypt (-1.7% per year).

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, with a decrease of -10.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 37%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 Egypt ($X per unit), while the average price for exports to Mongolia ($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 Egypt (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into the Russian Federation

In 2022, approx. X units of gear boxes were imported into Russia; which is down by -10.8% compared with 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 31% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted in the following year.

In value terms, gear box imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units), China (X units) and Japan (X units) were the main suppliers of gear box imports to Russia, with a combined 67% share of total imports. Germany, Mexico, Romania, the Czech Republic and France lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +52.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Germany ($X) appeared to be the largest gear box suppliers to Russia, together accounting for 65% of total imports. Japan, Mexico, the Czech Republic, Romania and France lagged somewhat behind, together comprising a further 22%.

Mexico, with a CAGR of +43.3%, recorded the highest growth rate of 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 gear box import price stood at $X per unit in 2022, declining by -3.1% against the previous year. Overall, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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