Seals; Mechanical Price in Russia - 2022

Seals; Mechanical Price in Russia (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $4.4 per unit, increasing by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 an increase of 17% against the previous year. The import price peaked at $5.6 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($25 per unit), while the price for Taiwan (Chinese) ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Russia (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $3.3 per unit, remaining stable against the previous year. Overall, the export price recorded a pronounced decline. The pace of growth appeared the most rapid in 2014 an increase of 15%. The export price peaked at $5.2 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($9.4 per unit), while the average price for exports to Poland ($0.4 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 Armenia (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Russia

In 2022, after three years of growth, there was significant decline in overseas purchases of seals; mechanicals, when their volume decreased by -15.2% to 15M units. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 17M units, and then contracted significantly in the following year.

In value terms, seals; mechanical imports dropped to $64M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $69M, and then contracted in the following year.

Import of Seals; Mechanical in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	12.6	13.6	13.6	12.7	0.3%
China	5.5	6.9	8.9	10.8	25.2%
United States	5.8	4.8	10.3	7.9	10.8%
Italy	4.2	4.4	5.1	5.7	10.7%
South Korea	0.8	0.7	1.5	3.5	63.6%
Taiwan (Chinese)	1.6	1.4	2.7	2.7	19.1%
Japan	3.4	3.3	3.9	1.8	-19.1%
India	0.4	0.6	1.5	1.6	58.7%
Lithuania	0.3	0.4	0.4	1.5	71.0%
Hungary	0.5	0.5	0.6	1.3	37.5%
Czech Republic	1.4	1.7	1.4	0.7	-20.6%
Others	22.3	21.4	19.3	14.1	-14.2%
Total	58.7	59.5	69.3	64.4	3.1%

Top Suppliers of Seals; Mechanical to Russia in 2022:

China (5.2M units)
Taiwan (Chinese) (3.1M units)
Italy (1.3M units)
South Korea (1.0M units)
Hungary (0.7M units)
Japan (0.6M units)
India (0.5M units)
Lithuania (0.5M units)
Germany (0.5M units)
United States (0.4M units)
Czech Republic (0.3M units)

Seals; Mechanical Exports in Russia

Seals; mechanical exports from Russia shrank to 3.1M units in 2022, falling by -8.8% on 2021 figures. In general, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 3.4M units, and then dropped in the following year.

In value terms, seals; mechanical exports reduced to $10M in 2022. Overall, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports attained the peak of $11M, and then fell in the following year.

Export of Seals; Mechanical in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	2,136	2,212	3,026	3,844	21.6%
Belarus	1,609	1,534	2,212	1,753	2.9%
India	932	416	815	1,606	19.9%
Ukraine	698	814	814	938	10.4%
Armenia	77.8	122	866	271	51.6%
Azerbaijan	258	119	259	185	-10.5%
Poland	7.8	12.7	9.2	91.2	127.0%
Uzbekistan	77.2	387	389	0.8	-78.2%
Iran	1,513	N/A	N/A	N/A	0%
Others	3,422	3,365	2,678	1,336	-26.9%
Total	10,732	8,982	11,068	10,025	-2.2%