Russian Federation: Hand Saw Market 2024

Hand Saw Market Size in the Russian Federation

In 2022, the Russian hand saw market decreased by -6.2% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Hand Saw Production in the Russian Federation

In value terms, hand saw production declined to $X in 2022 estimated in export price. Overall, production recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by 39% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hand Saw Exports

Exports from the Russian Federation

In 2022, overseas shipments of hand saws decreased by -12.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand saw exports contracted to $X in 2022. Overall, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 64%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for hand saw exports from Russia, accounting for a 65% share of total exports. Moreover, hand saw exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-0.2% per year) and Ukraine (-6.4% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) were the largest markets for hand saw exported from Russia worldwide, with a combined 98% share of total exports.

Belarus, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hand saw export price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price continues to indicate a mild curtailment. The growth pace was the most rapid in 2017 an increase of 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Hand Saw Imports

Imports into the Russian Federation

After two years of growth, supplies from abroad of hand saws decreased by -2% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 36%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hand saw imports contracted to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 61%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of hand saw to Russia, accounting for a 91% share of total imports. Moreover, hand saw imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+64.5% per year) and Taiwan (Chinese) (-13.4% per year).

In value terms, China ($X) constituted the largest supplier of hand saws to Russia, comprising 73% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+61.3% per year) and Taiwan (Chinese) (-12.4% per year).

Import Prices by Country

In 2022, the average hand saw import price amounted to $X per ton, dropping by -5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 18%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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