Russian Federation: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in the Russian Federation

The Russian walking-sticks and whips market dropped to $X in 2021, reducing by -7.7% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. Walking-sticks and whips consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in the Russian Federation

In value terms, walking-sticks and whips production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 1,229% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Walking-Sticks And Whips Exports

Exports from the Russian Federation

In 2021, exports of walking-sticks, seat-sticks, whips and riding-crops from Russia skyrocketed to X tons, jumping by 48% against the previous year's figure. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 120%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, walking-sticks and whips exports surged to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2018 with an increase of 116% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for walking-sticks and whips exports from Russia, accounting for a 54% share of total exports. Moreover, walking-sticks and whips exports to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. The third position in this ranking was held by Kyrgyzstan (X tons), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan stood at +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+45.6% per year) and Kyrgyzstan (+49.0% per year).

In value terms, Kazakhstan ($X), Ukraine ($X) and Kyrgyzstan ($X) appeared to be the largest markets for walking-sticks and whips exported from Russia worldwide, together comprising 89% of total exports.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of +64.3%, saw the highest rates of growth with regard to 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

The average walking-sticks and whips export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2013 an increase of 14%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Armenia ($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 Kyrgyzstan (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Walking-Sticks And Whips Imports

Imports into the Russian Federation

For the third consecutive year, Russia recorded decline in supplies from abroad of walking-sticks, seat-sticks, whips and riding-crops, which decreased by -5.8% to X tons in 2021. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, walking-sticks and whips imports expanded remarkably to $X in 2021. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 72%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest walking-sticks and whips supplier to Russia, accounting for a 81% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Armenia (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.7% per year) and Armenia (+7.1% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Russia, comprising 71% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Armenia, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and Armenia (+13.0% per year).

Import Prices by Country

In 2021, the average walking-sticks and whips import price amounted to $X per ton, growing by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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