Russian Federation: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in the Russian Federation

The Russian cylindrical roller bearing market skyrocketed to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a noticeable reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from the Russian Federation

In 2022, shipments abroad of cylindrical roller bearings decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The Russia exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, cylindrical roller bearing exports shrank rapidly to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Germany (X tons), China (X tons) and Japan (X tons) was the main exporter of cylindrical roller bearings in the world, mixing up X% of total export. Romania (X tons) took the next position in the ranking, followed by Slovakia (X tons). All these countries together took approx. X% share of total exports. Kazakhstan (X tons), Canada (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons), India (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Russia, comprising X% of global exports. The second position in the ranking was taken by Japan ($X), with an X% share of global exports. It was followed by China, with an X% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Russia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a pronounced slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Cylindrical Roller Bearing Imports

Imports into the Russian Federation

In 2022, the amount of cylindrical roller bearings imported into Russia expanded slightly to X tons, increasing by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cylindrical roller bearing imports expanded modestly to $X in 2022. In general, imports, however, showed a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Russia imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons) and Germany (X tons) represented roughly X% of total imports in 2022. It was distantly followed by the United States (X tons), generating a X% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Belgium (X tons), Turkey (X tons), the Czech Republic (X tons) and Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mexico, Italy, Brazil, South Korea, Spain, Belgium, Turkey, Indonesia, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Spain, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Russia amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Russia import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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