Russian Federation: Cutting Blade Market 2025

Cutting Blade Market Size in the Russian Federation

In 2021, the Russian cutting blade market increased by 12% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption enjoyed resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Cutting Blade Exports

Exports from the Russian Federation

In 2021, shipments abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 38% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports saw a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 50% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cutting blade exports skyrocketed to $X in 2021. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 26%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of cutting blade exports from Russia, together accounting for 86% of total exports. These countries were followed by Armenia and Uzbekistan, which together accounted for a further 5.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +76.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cutting blade exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), together comprising 82% of total exports. These countries were followed by Uzbekistan and Armenia, which together accounted for a further 3.9%.

Armenia, with a CAGR of +72.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cutting blade export price stood at $X per ton in 2021, waning by -9.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Armenia ($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 (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into the Russian Federation

In 2021, imports of knives and cutting blades (for machines or for mechanical appliances) into Russia reached X tons, growing by 12% compared with the year before. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.4% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 88% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, cutting blade imports skyrocketed to $X in 2021. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 71%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Belarus (X tons) were the main suppliers of cutting blade imports to Russia, with a combined 59% share of total imports. The United States, Ukraine, the Czech Republic, Italy, Spain, Canada, Finland, Austria, Slovenia and South Korea lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Russia, comprising 30% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by the United States, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.4% per year) and the United States (+10.2% per year).

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, picking up by 3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 20%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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