Russian Federation: Electroplating Machine Market 2024

Electroplating Machine Market Size in the Russian Federation

The Russian electroplating machine market skyrocketed to $X in 2021, increasing by 325% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Electroplating Machine Exports

Exports from the Russian Federation

In 2021, overseas shipments of machines for electroplating, electrolysis or electrophoresis decreased by -48.5% to X units for the first time since 2015, thus ending a five-year rising trend. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. As a result, the exports attained the peak of X units, and then declined remarkably in the following year.

In value terms, electroplating machine exports declined markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 345% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus (X units) was the main destination for electroplating machine exports from Russia, with a 60% share of total exports. Moreover, electroplating machine exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X units), fivefold. Uzbekistan (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus stood at +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-0.3% per year) and Uzbekistan (+61.2% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Uzbekistan ($X) appeared to be the largest markets for electroplating machine exported from Russia worldwide, together comprising 76% of total exports.

Belarus, with a CAGR of +40.5%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average electroplating machine export price amounted to $X per unit, picking up by 16% against the previous year. Overall, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 321% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 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 Kazakhstan ($X per unit), while the average price for exports to Mexico ($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 Lithuania (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into the Russian Federation

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 170% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a noticeable expansion. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electroplating machine imports soared to $X in 2021. Overall, imports, however, saw a noticeable descent. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electroplating machine to Russia, accounting for a 48% share of total imports. Moreover, electroplating machine imports from China exceeded the figures recorded by the second-largest supplier, Finland (X units), twofold. The third position in this ranking was taken by Australia (X units), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2,457.0% per year) and Australia (+90.8% per year).

In value terms, Finland ($X), China ($X) and Estonia ($X) constituted the largest electroplating machine suppliers to Russia, together accounting for 62% of total imports.

Among the main suppliers, Finland, with a CAGR of +2,034.1%, recorded the highest rates of growth with regard to the value of imports, 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 electroplating machine import price amounted to $X per unit, surging by 45% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 67% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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