CIS: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in CIS

The CIS gear cutting machine market expanded significantly to $X in 2022, rising by X% against the previous year. Overall, consumption, however, continues to indicate a dramatic curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Gear Cutting Machine Production in CIS

In value terms, gear cutting machine production fell modestly to $X in 2022 estimated in export price. In general, production faced a precipitous shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gear Cutting Machine Exports

Exports in CIS

In 2022, exports of gear cutting, gear grinding or gear finishing machines in the CIS fell remarkably to X units, with a decrease of X% against 2021. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, gear cutting machine exports fell markedly to $X in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X units) was the major exporter of gear cutting, gear grinding or gear finishing machines, generating X% of total exports. Belarus (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Armenia (X%) and Uzbekistan (X%). The following exporters - Azerbaijan (X units), Kazakhstan (X units) and Moldova (X units) - each recorded a X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Armenia (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Belarus (X%), Azerbaijan (X%), Moldova (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. Belarus (X p.p.), Armenia (X p.p.), Uzbekistan (X p.p.), Kazakhstan (X p.p.), Azerbaijan (X p.p.) and Moldova (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belarus ($X), Russia ($X) and Armenia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Moldova, Kazakhstan, Uzbekistan and Azerbaijan lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded 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 2022, the export price in the CIS amounted to $X per unit, dropping by X% against the previous year. Overall, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports in CIS

For the third year in a row, the CIS recorded growth in overseas purchases of gear cutting, gear grinding or gear finishing machines, which increased by X% to X units in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, gear cutting machine imports declined sharply to $X in 2022. Overall, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Belarus was the largest importing country with an import of about X units, which recorded X% of total imports. Russia (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%) and Uzbekistan (X%). The following importers - Armenia (X units), Kyrgyzstan (X units) and Tajikistan (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to gear cutting machine imports into Belarus stood at X%. At the same time, Uzbekistan (X%), Tajikistan (X%), Armenia (X%), Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.), Uzbekistan (X p.p.), Kazakhstan (X p.p.), Armenia (X p.p.) and Tajikistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gear cutting machine importing markets in the CIS were Russia ($X), Belarus ($X) and Uzbekistan ($X), together accounting for X% of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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