Russian Federation: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in the Russian Federation

The Russian market for pneumatic or hydraulic hand tools was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, saw a noticeable descent. Pneumatic or hydraulic hand tool consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in the Russian Federation

In value terms, pneumatic or hydraulic hand tool production reached $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 185%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from the Russian Federation

In 2021, the amount of pneumatic or hydraulic hand tools exported from Russia soared to X tons, jumping by 60% on the previous year. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. Overall, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Russia, with a 61% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+10.6% per year) and Ukraine (+9.2% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) appeared to be the largest markets for pneumatic or hydraulic hand tool exported from Russia worldwide, together comprising 84% of total exports.

Among the main countries of destination, Belarus, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, 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 export price for pneumatic or hydraulic hand tools amounted to $X per ton, which is down by -2.5% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into the Russian Federation

In 2021, imports of pneumatic or hydraulic hand tools into Russia soared to X tons, jumping by 35% against 2020 figures. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 55%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. In general, imports, however, showed a noticeable decline. The growth pace was the most rapid in 2017 when imports increased by 50%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Russia, accounting for a 90% share of total imports. It was followed by Belarus (X tons), with a 2.9% share of total imports. The third position in this ranking was held by the United States (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+26.6% per year) and the United States (-17.4% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Russia, comprising 74% of total imports. The second position in the ranking was held by Germany ($X), with a 6.5% share of total imports. It was followed by the United States, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.3% per year) and the United States (-19.9% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, surging by 7.8% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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