Russian Federation: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in the Russian Federation

The Russian stone sawing machine market surged to $X in 2021, growing by 39% 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). In general, consumption enjoyed a mild expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Stone Sawing Machine Exports

Exports from the Russian Federation

After two years of decline, shipments abroad of sawing machines for working stone, ceramics and concrete increased by 38% to X units in 2021. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 143%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, stone sawing machine exports stood at $X in 2021. In general, exports showed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 158%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X units) was the main destination for stone sawing machine exports from Russia, with a 65% share of total exports. Moreover, stone sawing machine exports to Belarus exceeded the volume sent to the second major destination, Azerbaijan (X units), fourfold. The third position in this ranking was taken by Israel (X units), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus totaled +48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+808.3% per year) and Israel (0.0% per year).

In value terms, the largest markets for stone sawing machine exported from Russia were Belarus ($X), Ukraine ($X) and Israel ($X), together accounting for 62% of total exports. These countries were followed by Azerbaijan, Sweden, Italy and Uzbekistan, which together accounted for a further 22%.

Azerbaijan, with a CAGR of +1,339.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average stone sawing machine export price stood at $X per unit in 2021, shrinking by -21.1% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 65%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Belarus ($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 Azerbaijan (+61.2%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Sawing Machine Imports

Imports into the Russian Federation

In 2021, the amount of sawing machines for working stone, ceramics and concrete imported into Russia surged to X units, with an increase of 40% on the year before. Overall, imports saw perceptible growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,858%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, stone sawing machine imports soared to $X in 2021. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 50%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Belarus (X units) and Taiwan (Chinese) (X units) were the main suppliers of stone sawing machine imports to Russia, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +41.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Turkey ($X) appeared to be the largest stone sawing machine suppliers to Russia, with a combined 86% share of total imports. These countries were followed by Belarus, Taiwan (Chinese) and Spain, which together accounted for a further 3.5%.

Belarus, with a CAGR of +9.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, falling by -12.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2019 when the average import price increased by 1,745%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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