Russian Federation: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in the Russian Federation

The Russian market for machine-tools for working stone, ceramics, and concrete dropped to $X in 2022, shrinking by -9.6% 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, however, saw a perceptible descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from the Russian Federation

In 2022, shipments abroad of machine-tools for working stone, ceramics, and concrete decreased by -2.4% to X units, falling for the sixth year in a row after two years of growth. Over the period under review, exports, however, posted moderate growth. The pace of growth was the most pronounced in 2013 when exports increased by 479%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine tools for working stone exports contracted to $X in 2022. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 470% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units) was the main destination for machine tools for working stone exports from Russia, with a 62% share of total exports. Moreover, machine tools for working stone exports to Uzbekistan exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was held by Georgia (X units), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uzbekistan amounted to +160.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+193.6% per year) and Georgia (+60.3% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Russia, comprising 57% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by Turkey, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan stood at +219.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and Turkey (+91.3% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 119%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 Japan ($X per unit), while the average price for exports to Turkey ($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 Armenia (+58.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into the Russian Federation

In 2022, the amount of machine-tools for working stone, ceramics, and concrete imported into Russia expanded modestly to X units, picking up by 3.4% compared with the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 119% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, machine tools for working stone imports reduced to $X in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by 89% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine tools for working stone supplier to Russia, with a 85% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.4% per year) and Germany (-29.6% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Russia, comprising 75% of total imports. The second position in the ranking was held by Italy ($X), with a 20% share of total imports. It was followed by Germany, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.3% per year) and Germany (-25.5% per year).

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, falling by -16.8% against the previous year. Overall, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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