Russian Federation: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in the Russian Federation

In 2021, the Russian harvesting machinery market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Harvesting Machinery Production in the Russian Federation

In value terms, harvesting machinery production reduced slightly to $X in 2021 estimated in export price. In general, production recorded a perceptible downturn. The growth pace was the most rapid in 2013 with an increase of 45%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Harvesting Machinery Exports

Exports from the Russian Federation

In 2021, overseas shipments of root or tuber harvesting machines decreased by -59.1% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2015 when exports increased by 120% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, harvesting machinery exports fell dramatically to $X in 2021. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 102%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units), Belgium (X units) and Kyrgyzstan (X units) were the main destinations of harvesting machinery exports from Russia, together accounting for 56% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +8.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for root or tuber harvesting machines exports from Russia, comprising 51% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 22% share of total exports. It was followed by Belarus, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+8.0% per year) and Belarus (-21.8% per year).

Export Prices by Country

In 2021, the average harvesting machinery export price amounted to $X per unit, with a decrease of -33.5% against the previous year. In general, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of 77% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Uzbekistan ($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 the Netherlands (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into the Russian Federation

After three years of decline, supplies from abroad of root or tuber harvesting machines increased by 48% to X units in 2021. In general, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 95% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, harvesting machinery imports surged to $X in 2021. Overall, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2016 when imports increased by 136% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Belarus (X units), Germany (X units) and Denmark (X units) were the main suppliers of harvesting machinery imports to Russia, with a combined 80% share of total imports. These countries were followed by Japan, Belgium, China, Poland and the United States, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Russia, comprising 76% of total imports. The second position in the ranking was taken by Belarus ($X), with a 7.6% share of total imports. It was followed by Denmark, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-1.1% per year) and Denmark (+3.7% per year).

Import Prices by Country

In 2021, the average harvesting machinery import price amounted to $X per unit, with an increase of 53% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a 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 Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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