Russian Federation: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in the Russian Federation

In 2021, the Russian machine-tool for working wood market increased by 46% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a deep reduction. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from the Russian Federation

In 2021, machine-tool for working wood exports from Russia reached X tons, surging by 10% on 2020 figures. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for working wood exports amounted to $X in 2021. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2017 with an increase of 35%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Mongolia (X tons) were the main destinations of machine-tool for working wood exports from Russia, together comprising 72% of total exports. These countries were followed by Ukraine, Central African Republic, Latvia, Uzbekistan, Estonia, Armenia, the Czech Republic and Lithuania, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +53.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 75% share of total exports. Uzbekistan, Lithuania, Estonia, the Czech Republic, Mongolia, Armenia, Latvia and Central African Republic lagged somewhat behind, together accounting for a further 16%.

The Czech Republic, with a CAGR of +50.4%, saw the highest growth rate of 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 machine-tool for working wood export price stood at $X per ton in 2021, rising by 3.5% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 22%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Central African Republic ($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 Estonia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into the Russian Federation

In 2021, imports of machine-tools for working wood into Russia surged to X tons, increasing by 38% on 2020. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 111% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 90% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Russia, accounting for a 57% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.0% per year) and Germany (-16.7% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Russia, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.4% per year) and Italy (-9.8% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, with an increase of 6.7% against the previous year. In general, the import price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 7.8%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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