Russian Federation: Safety Headgear Market 2024

Safety Headgear Market Size in the Russian Federation

The Russian safety headgear market contracted modestly to $X in 2021, approximately mirroring the previous year. Over the period under review, consumption recorded buoyant growth. Safety headgear consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Safety Headgear Production in the Russian Federation

In value terms, safety headgear production reduced modestly to $X in 2021 estimated in export price. In general, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 112%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Safety Headgear Exports

Exports from the Russian Federation

Safety headgear exports from Russia soared to X units in 2021, picking up by 148% on 2020 figures. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 200%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, safety headgear exports surged to $X in 2021. In general, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of safety headgear exports from Russia, together comprising 80% of total exports. Uzbekistan, Algeria, Vietnam, Egypt and Poland lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +343.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety headgear exported from Russia were Kazakhstan ($X), Belarus ($X) and Algeria ($X), together comprising 61% of total exports. Vietnam, Egypt, Uzbekistan, Ukraine and Poland lagged somewhat behind, together comprising a further 22%.

Egypt, with a CAGR of +317.0%, recorded the highest rates of growth with regard to 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 safety headgear export price amounted to $X per unit, declining by -21.1% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per unit), while the average price for exports to Ukraine ($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 Kazakhstan (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Headgear Imports

Imports into the Russian Federation

In 2021, purchases abroad of safety headgear increased by 83% to X units, rising for the fourth year in a row after three years of decline. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety headgear imports skyrocketed to $X in 2021. In general, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 40%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest safety headgear supplier to Russia, accounting for a 31% share of total imports. Moreover, safety headgear imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. Belarus (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.4% per year) and Belarus (+6.6% per year).

In value terms, China ($X) constituted the largest supplier of safety headgear to Russia, comprising 29% of total imports. The second position in the ranking was held by Lithuania ($X), with a 5.7% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+8.5% per year) and Germany (-11.7% per year).

Import Prices by Country

The average safety headgear import price stood at $X per unit in 2021, waning by -30.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 54% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lithuania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+21.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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