Russian Federation: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in the Russian Federation

For the sixth year in a row, the Russian machine-tool for removing material market recorded growth in sales value, which increased by 26% to $X in 2021. In general, consumption recorded prominent growth. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from the Russian Federation

In 2021, shipments abroad of machine-tools for working any material by removal of material increased by 110% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 203% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports contracted to $X in 2021. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 174%. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for machine-tool for removing material exports from Russia, accounting for a 68% share of total exports. Moreover, machine-tool for removing material exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan totaled +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+15.8% per year) and Ukraine (+11.1% per year).

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) appeared to be the largest markets for machine-tool for removing material exported from Russia worldwide, together accounting for 69% of total exports.

Kazakhstan, with a CAGR of +22.1%, saw 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 machine-tool for removing material export price amounted to $X per unit, falling by -57.5% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 63% 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 lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Kazakhstan ($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 Belarus (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into the Russian Federation

In 2021, supplies from abroad of machine-tools for working any material by removal of material increased by 34% to X units, rising for the sixth year in a row after two years of decline. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 91% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +136.2% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main machine-tool for removing material supplier to Russia, with a 93% share of total imports. It was followed by the United States (X units), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +38.8%.

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Russia, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +24.8%.

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, waning by -6.7% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -3.8%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.2%).

Source: IndexBox Platform

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