Russian Federation: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in the Russian Federation

The Russian market for parts of harvester and threshers declined to $X in 2021, waning by -9.6% against the previous year. In general, consumption recorded a pronounced reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Parts Of Harvester And Threshers in the Russian Federation

In value terms, parts of harvester and threshers production fell to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 103% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from the Russian Federation

For the fifth year in a row, Russia recorded growth in overseas shipments of parts of harvester and threshers, which increased by 8.2% to X units in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 145%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, parts of harvester and threshers exports reached $X in 2021. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2020 with an increase of 167%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for parts of harvester and threshers exports from Russia, accounting for a 87% share of total exports. Moreover, parts of harvester and threshers exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), more than tenfold. Ukraine (X units) ranked third in terms of total exports with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan totaled +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+28.2% per year) and Ukraine (-4.9% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for parts of harvester and threshers exports from Russia, comprising 89% of total exports. The second position in the ranking was taken by Belarus ($X), with a 6% share of total exports. It was followed by Germany, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+14.0% per year) and Germany (+19.1% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, surging by 6% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 an increase of 32%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Uzbekistan ($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 Ukraine (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Harvester And Threshers

Imports into the Russian Federation

After three years of decline, overseas purchases of parts of harvester and threshers increased by 19% to X units in 2021. Over the period under review, imports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. In general, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and Turkey (X units) were the main suppliers of parts of harvester and threshers imports to Russia, together accounting for 51% of total imports. Belarus, China, Slovakia, Hungary, the United States and Belgium lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +36.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of parts of harvester and threshers to Russia, comprising 35% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total imports. It was followed by Belarus, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+15.3% per year) and Belarus (-14.4% per year).

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, increasing by 14% against the previous year. Overall, the import price, however, showed a noticeable contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform