Russian Federation: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in the Russian Federation

The Russian market for in-hand motor grinders, sanders and planers surged to $X in 2021, picking up by 93% 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 enjoyed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from the Russian Federation

In 2021, the amount of in-hand motor grinders, sanders and planers exported from Russia surged to X units, growing by 47% against the year before. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 61%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 64% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Russia, accounting for a 52% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Germany exceeded the volume sent to the second major destination, Belarus (X units), twofold. Kazakhstan (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+17.1% per year) and Kazakhstan (+7.1% per year).

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Russia were Germany ($X), Belarus ($X) and Kazakhstan ($X), together accounting for 84% of total exports.

Among the main countries of destination, Belarus, with a CAGR of +31.5%, 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 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, falling by -2% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 74%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into the Russian Federation

In 2021, imports of in-hand motor grinders, sanders and planers into Russia skyrocketed to X units, increasing by 85% against 2020. In general, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Russia, with a 90% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Romania (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+23.3% per year) and Germany (+4.0% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Russia, comprising 74% of total imports. The second position in the ranking was taken by Romania ($X), with a 6.1% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+29.9% per year) and Germany (+2.4% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, increasing by 3.2% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belarus ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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