Russian Federation: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in the Russian Federation

The Russian market for pulley tackle and hoists powered by an electric motor surged to $X in 2022, rising by 17% against the previous year. Overall, consumption, however, recorded a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in the Russian Federation

In value terms, production of pulley tackle and hoists powered by an electric motor reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 122% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from the Russian Federation

In 2022, shipments abroad of pulley tackle and hoists powered by an electric motor increased by 6.3% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor declined dramatically to $X in 2022. Overall, exports saw a noticeable increase. The growth pace was the most rapid in 2017 with an increase of 57% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Moldova (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from Russia, accounting for a 55% share of total exports. Moreover, exports of pulley tackle and hoists powered by an electric motor to Moldova exceeded the volume sent to the second major destination, Belarus (X units), twofold. Kazakhstan (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Moldova amounted to +89.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+2.5% per year) and Kazakhstan (-4.1% per year).

In value terms, Moldova ($X) emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Russia, comprising 55% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 18% share of total exports. It was followed by Belarus, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Moldova amounted to +63.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-5.0% per year) and Belarus (+7.2% per year).

Export Prices by Country

The average export price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, which is down by -20.1% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pulley tackle and hoists powered by an electric motor increased by +46.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 92% against the previous year. The export price peaked at $X per unit in 2021, and then shrank sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into the Russian Federation

In 2022, purchases abroad of pulley tackle and hoists powered by an electric motor increased by 12% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 19%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor rose rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Russia, with a 88% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (-16.5% per year) and Japan (+22.0% per year).

In value terms, Bulgaria ($X), China ($X) and Japan ($X) were the largest pulley tackle and hoists powered by an electric motor suppliers to Russia, with a combined 86% share of total imports.

Japan, with a CAGR of +31.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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