Russian Federation: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in the Russian Federation

The Russian harvesting machinery market expanded sharply to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Harvesting Machinery Production in the Russian Federation

In value terms, harvesting machinery production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Harvesting Machinery Exports

Exports from the Russian Federation

In 2022, overseas shipments of root or tuber harvesting machines decreased by X% to X units, falling for the second year in a row after six years of growth. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, harvesting machinery exports shrank remarkably to $X in 2022. Over the period under review, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units), Georgia (X units) and Kazakhstan (X units) were the main destinations of harvesting machinery exports from Russia, together accounting for X% of total exports. Mongolia and Lithuania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for harvesting machinery exported from Russia were Kazakhstan ($X), Mongolia ($X) and Lithuania ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Mongolia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average harvesting machinery export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Bulgaria ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into the Russian Federation

In 2022, overseas purchases of root or tuber harvesting machines increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, harvesting machinery imports soared to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of harvesting machinery to Russia, with a X% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), tenfold. The third position in this ranking was taken by Estonia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Estonia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Russia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Poland (X% per year).

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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