Russian Federation: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in the Russian Federation

The Russian numerically controlled drilling machine market skyrocketed to $X in 2021, with an increase of 141% 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). Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from the Russian Federation

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from Russia; rising by 1,167% against the year before. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports skyrocketed to $X in 2021. In general, exports continue to indicate resilient growth. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for numerically controlled drilling machine exports from Russia, with a 96% share of total exports. It was followed by Uzbekistan (X kg), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan stood at +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-17.9% per year) and Belarus (-24.0% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan amounted to +79.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-6.1% per year) and Uzbekistan (-18.1% per year).

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, growing by 60% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 66%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kazakhstan ($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 Iran (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into the Russian Federation

In 2021, the amount of numerically controlled drilling machines for working metal imported into Russia skyrocketed to X tons, jumping by 92% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports skyrocketed to $X in 2021. In general, imports, however, showed a slight descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of numerically controlled drilling machine imports to Russia, with a combined 71% share of total imports. These countries were followed by South Korea, Taiwan (Chinese), France, Turkey and Belarus, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +80.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine suppliers to Russia were Germany ($X), Italy ($X) and China ($X), with a combined 81% share of total imports. Taiwan (Chinese), South Korea, France, Turkey and Belarus lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +63.6%, saw 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 numerically controlled drilling machine import price stood at $X per ton in 2021, picking up by 39% against the previous year. Overall, the import price, however, continues to indicate a slight descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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