Russian Federation: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the Russian Federation

The Russian machine tool for metal market skyrocketed to $X in 2021, surging by 18% 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). Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the Russian Federation

After five years of growth, overseas shipments of machine tools for working metal without removing metal decreased by -57.9% to X units in 2021. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 67%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tool for metal exports reduced remarkably to $X in 2021. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units) was the main destination for machine tool for metal exports from Russia, with a 57% share of total exports. Moreover, machine tool for metal exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X units), threefold. Germany (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus stood at +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-1.8% per year) and Germany (-24.1% per year).

In value terms, the largest markets for machine tool for metal exported from Russia were Belarus ($X), Kazakhstan ($X) and Germany ($X), together comprising 85% of total exports.

Belarus, with a CAGR of +28.2%, recorded 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 mixed trend patterns.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, which is down by -9% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Bangladesh ($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 the United States (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into the Russian Federation

In 2021, supplies from abroad of machine tools for working metal without removing metal decreased by -2.7% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 105% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports soared to $X in 2021. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 135% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine tool for metal supplier to Russia, with a 53% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was taken by Turkey (X units), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.3% per year) and Turkey (-5.7% per year).

In value terms, the largest machine tool for metal suppliers to Russia were Germany ($X), China ($X) and Spain ($X), with a combined 74% share of total imports.

Spain, with a CAGR of +41.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, jumping by 50% against the previous year. In general, the import price, however, showed a abrupt setback. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :