Russian Federation: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in the Russian Federation

The Russian gear cutting machine market surged 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). In general, consumption, however, recorded a significant decline. Gear cutting machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gear Cutting Machine Exports

Exports from the Russian Federation

In 2022, exports of gear cutting, gear grinding or gear finishing machines from Russia shrank significantly to X units, falling by X% compared with 2021. In general, exports showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gear cutting machine exports fell notably to $X in 2022. Over the period under review, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for gear cutting machine exports from Russia, accounting for a X% share of total exports. Moreover, gear cutting machine exports to South Korea exceeded the volume sent to the second major destination, Armenia (X units), threefold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and India (X% per year).

In value terms, South Korea ($X) emerged as the key foreign market for gear cutting, gear grinding or gear finishing machines exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and India (X% per year).

Export Prices by Country

The average gear cutting machine export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Uzbekistan ($X per unit), while the average price for exports to Armenia ($X 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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into the Russian Federation

In 2022, purchases abroad of gear cutting, gear grinding or gear finishing machines decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, gear cutting machine imports dropped notably to $X in 2022. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), South Korea (X units) and India (X units) were the main suppliers of gear cutting machine imports to Russia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to Russia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Italy (X% per year).

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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