CIS: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Exports

Exports in CIS

In 2022, shipments abroad of interchangeable spanner sockets decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, interchangeable spanner socket exports fell slightly to $X in 2022. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Belarus was the key exporter of interchangeable spanner sockets in the CIS, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Russia (X tons) held the second position in the ranking, distantly followed by Azerbaijan (X tons). All these countries together held approx. X% share of total exports. Armenia (X tons) and Kazakhstan (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to interchangeable spanner socket exports from Belarus stood at X%. At the same time, Armenia (X%), Azerbaijan (X%), Kazakhstan (X%) and Russia (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. Belarus (X p.p.), Azerbaijan (X p.p.) and Armenia (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. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest interchangeable spanner socket supplying countries in the CIS were Belarus ($X), Russia ($X) and Armenia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Armenia, with a CAGR of X%, 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

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Interchangeable Spanner Socket Imports

Imports in CIS

In 2022, imports of interchangeable spanner sockets in the CIS totaled X tons, surging by X% compared with the year before. In general, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, interchangeable spanner socket imports stood at $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons) and Belarus (X tons), together achieving a X% share of total imports. Azerbaijan (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of interchangeable spanner sockets. At the same time, Azerbaijan (X%), Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan and Belarus increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported interchangeable spanner sockets in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belarus ($X per ton) and Azerbaijan ($X per ton), while Kazakhstan ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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