Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia (FOB) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia (CIF) - 2022
3. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia
4. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.7 per unit, with an increase of 2,710% against the previous year. In general, the export price saw a remarkable increase. Over the period under review, the average export prices hit record highs at $2.5 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($6.1 per unit), while the average price for exports to Azerbaijan ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.3 per unit, with an increase of 18% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($0.8 per unit), while the price for Italy ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia

In 2022, shipments abroad of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -99.4% to 26K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3,060%. As a result, the exports reached the peak of 4.7M units, and then shrank significantly in the following year.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones contracted remarkably to $17K in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 184%. As a result, the exports attained the peak of $111K, and then fell dramatically in the following year.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Russia in 2022:

1. Azerbaijan (20.5K units)
2. Kazakhstan (2.1K units)
3. Vietnam (0.8K units)
4. Thailand (0.8K units)
5. Seychelles (0.7K units)
6. Tajikistan (0.5K units)
7. Uzbekistan (0.5K units)

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Russia

Imports of millstones, grindstones, grinding wheels and the like; of natural stones into Russia contracted dramatically to 2.9M units in 2022, with a decrease of -50.2% on the previous year's figure. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 5.8M units, and then declined sharply in the following year.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones contracted rapidly to $726K in 2022. In general, imports continue to indicate a deep downturn. The smallest decline of -1.9% was in 2021. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Russia in 2022:

1. China (2064.7K units)
2. Italy (596.7K units)
3. Turkey (199.9K units)
4. Netherlands (4.4K units)

Source: IndexBox Market Intelligence Platform