Russian Federation: Grinding Machine Market 2024

Grinding Machine Market Size in the Russian Federation

The Russian grinding machine market contracted to $X in 2021, which is down by -12.6% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.7% against 2017 indices. Grinding machine consumption peaked at $X in 2020, and then reduced in the following year.

Grinding Machine Production in the Russian Federation

In value terms, grinding machine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded moderate growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 97%. Grinding machine production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Grinding Machine Exports

Exports from the Russian Federation

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported from Russia skyrocketed to X units, picking up by 43% compared with the previous year's figure. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 273% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, grinding machine exports soared to $X in 2021. In general, exports recorded moderate growth. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X units) was the main destination for grinding machine exports from Russia, accounting for a 60% share of total exports. Moreover, grinding machine exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X units), twofold. Ukraine (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+7.5% per year) and Ukraine (-9.8% per year).

In value terms, Kazakhstan ($X), Belarus ($X) and India ($X) constituted the largest markets for grinding machine exported from Russia worldwide, with a combined 64% share of total exports.

In terms of the main countries of destination, Belarus, with a CAGR of +26.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, jumping by 45% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Hungary ($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 Kazakhstan (+5.8%), while the prices for the other major destinations experienced a decline.

Grinding Machine Imports

Imports into the Russian Federation

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported into Russia contracted to X units, waning by -14.4% against the previous year's figure. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 138%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, grinding machine imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 122%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest grinding machine supplier to Russia, with a 46% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Germany (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.4% per year) and Germany (-4.8% per year).

In value terms, the largest grinding machine suppliers to Russia were Germany ($X), China ($X) and Italy ($X), with a combined 67% share of total imports. France, South Korea, Belarus and Latvia lagged somewhat behind, together accounting for a further 5.3%.

Among the main suppliers, Belarus, with a CAGR of +31.0%, recorded the highest growth rate of 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

The average grinding machine import price stood at $X per unit in 2021, jumping by 61% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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