Russian Federation: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in the Russian Federation

The Russian non-electric motor handtools market dropped remarkably to $X in 2022, declining by -22.5% 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 showed a mild descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Electric Motor Handtools Exports

Exports from the Russian Federation

In 2022, shipments abroad of handtools, hydraulic or with a self-contained non-electric motor increased by 46% to X units, rising for the sixth year in a row after three years of decline. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 85%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, non-electric motor handtools exports reduced dramatically to $X in 2022. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 69% against the previous year. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Uzbekistan (X units), Belarus (X units) and Kazakhstan (X units) were the main destinations of non-electric motor handtools exports from Russia, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +71.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric motor handtools exported from Russia were Belarus ($X), Uzbekistan ($X) and Kazakhstan ($X), with a combined 94% share of total exports.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +23.1%, saw the highest growth rate of the value of exports, 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 non-electric motor handtools export price amounted to $X per unit, shrinking by -43.5% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Uzbekistan ($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 Armenia (-0.9%), while the prices for the other major destinations experienced a decline.

Non-Electric Motor Handtools Imports

Imports into the Russian Federation

Non-electric motor handtools imports into Russia contracted dramatically to X units in 2022, with a decrease of -17% against the year before. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 2020 indices. The growth pace was the most rapid in 2017 with an increase of 52%. Over the period under review, imports reached the maximum at X units in 2021, and then contracted remarkably in the following year.

In value terms, non-electric motor handtools imports fell remarkably to $X in 2022. Overall, imports showed a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of non-electric motor handtools to Russia, accounting for a 99% share of total imports. It was followed by the United States (X units), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.9%.

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Russia, comprising 92% of total imports. The second position in the ranking was taken by the United States ($X), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.6%.

Import Prices by Country

In 2022, the average non-electric motor handtools import price amounted to $X per unit, shrinking by -4.2% against the previous year. Overall, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%).

Source: IndexBox Platform

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