Russian Federation: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in the Russian Federation

In 2022, after two years of growth, there was significant decline in the Russian industrial sewing machines (non-automatic) market, when its value decreased by -11.3% to $X. Overall, consumption, however, showed mild growth. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from the Russian Federation

In 2022, after five years of growth, there was significant decline in shipments abroad of industrial sewing machines (non-automatic), when their volume decreased by -37.1% to X units. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 274% against the previous year. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, industrial sewing machines (non-automatic) exports declined rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 134%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for industrial sewing machines (non-automatic) exports from Russia, accounting for a 70% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X units), sixfold. The third position in this ranking was taken by Belarus (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +94.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+115.4% per year) and Belarus (+20.8% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Russia, comprising 65% of total exports. The second position in the ranking was taken by Belarus ($X), with a 9.2% share of total exports. It was followed by Kyrgyzstan, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+18.9% per year) and Kyrgyzstan (+105.9% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Armenia ($X per unit), while the average price for exports to Kyrgyzstan ($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 Tajikistan (+28.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into the Russian Federation

In 2022, purchases abroad of industrial sewing machines (non-automatic) decreased by -5.2% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2020 with an increase of 129%. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, industrial sewing machines (non-automatic) imports shrank to $X in 2022. Overall, imports, however, showed a tangible expansion. The growth pace was the most rapid in 2020 with an increase of 170% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of industrial sewing machines (non-automatic) to Russia, with a 95% share of total imports. It was followed by Belarus (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.1%.

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Russia, comprising 86% of total imports. The second position in the ranking was taken by Belarus ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.1%.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, which is down by -9.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 32%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%).

Source: IndexBox Platform

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