Russian Federation: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in the Russian Federation

In 2022, after four years of growth, there was significant decline in the Russian hydraulic cylinder and system market, when its value decreased by -11.2% to $X. In general, consumption, however, enjoyed a moderate increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Hydraulic Cylinders And Systems in the Russian Federation

In value terms, hydraulic cylinder and system production surged to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Hydraulic Cylinders And Systems

Exports from the Russian Federation

In 2022, approx. X units of hydraulic cylinders and systems were exported from Russia; dropping by -10.7% on the year before. Overall, exports, however, showed notable growth. The growth pace was the most rapid in 2016 with an increase of 61% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic cylinder and system exports shrank to $X in 2022. In general, exports, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2016 with an increase of 87% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for hydraulic cylinder and system exports from Russia, with a 43% share of total exports. Moreover, hydraulic cylinder and system exports to Germany exceeded the volume sent to the second major destination, Kazakhstan (X units), threefold. Austria (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+12.4% per year) and Austria (-2.1% per year).

In value terms, Germany ($X) remains the key foreign market for hydraulic cylinders and systems exports from Russia, comprising 55% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 21% share of total exports. It was followed by Belarus, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+20.6% per year) and Belarus (+3.7% per year).

Export Prices by Country

The average hydraulic cylinder and system export price stood at $X per unit in 2022, waning by -2.4% against the previous year. Overall, the export price recorded a mild downturn. The pace of growth was the most pronounced in 2014 an increase of 25% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Austria (less than $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 Kazakhstan (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydraulic Cylinders And Systems

Imports into the Russian Federation

In 2022, the amount of hydraulic cylinders and systems imported into Russia shrank to X units, dropping by -11.2% against the year before. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.3% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 117%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, hydraulic cylinder and system imports shrank to $X in 2022. In general, imports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 127%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Ukraine (X units) and Belarus (X units) were the main suppliers of hydraulic cylinder and system imports to Russia, together accounting for 64% of total imports. South Korea, Bulgaria, Germany, Japan, Lithuania, Italy, the United States, Poland, India and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +33.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest hydraulic cylinder and system suppliers to Russia, with a combined 46% share of total imports. Ukraine, Belarus, Japan, South Korea, Italy, Bulgaria, Poland, India, the Netherlands and Lithuania lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Lithuania, with a CAGR of +16.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydraulic cylinder and system import price stood at $X per thousand units in 2022, approximately equating the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 19%. Over the period under review, average import prices hit record highs at $X per thousand units in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per thousand units), while the price for Lithuania ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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