Russian Federation: Hedge Shear Market 2025

Hedge Shear Market Size in the Russian Federation

In 2021, the Russian hedge shear market increased by 3.2% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Hedge Shear Production in the Russian Federation

In value terms, hedge shear production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 16%. Hedge shear production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Hedge Shear Exports

Exports from the Russian Federation

Hedge shear exports from Russia amounted to X tons in 2021, flattening at the previous year's figure. Over the period under review, exports saw slight growth. The most prominent rate of growth was recorded in 2019 when exports increased by 80%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hedge shear exports rose to $X in 2021. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 86% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for hedge shear exports from Russia, accounting for a 50% share of total exports. Moreover, hedge shear exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold. The third position in this ranking was taken by Ukraine (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus amounted to +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+10.9% per year) and Ukraine (-13.5% per year).

In value terms, Belarus ($X) remains the key foreign market for hedge shears and two-handed pruning shears exports from Russia, comprising 57% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 22% share of total exports. It was followed by Ukraine, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Belarus amounted to +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+9.6% per year) and Ukraine (-10.0% per year).

Export Prices by Country

In 2021, the average hedge shear export price amounted to $X per ton, rising by 4% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hedge shear export price increased by +85.6% against 2014 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Hedge Shear Imports

Imports into the Russian Federation

In 2021, purchases abroad of hedge shears and two-handed pruning shears was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 76%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, hedge shear imports skyrocketed to $X in 2021. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest hedge shear supplier to Russia, with a 65% share of total imports. Moreover, hedge shear imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.4% per year) and Germany (+22.8% per year).

In value terms, the largest hedge shear suppliers to Russia were China ($X), Taiwan (Chinese) ($X) and Germany ($X), together accounting for 80% of total imports. Poland, Belarus and Finland lagged somewhat behind, together accounting for a further 16%.

Belarus, with a CAGR of +137.0%, saw the highest growth rate of the value of imports, in terms of 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 hedge shear import price stood at $X per ton in 2021, rising by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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