Russian Federation: Household Hand Tools Market 2024

Household Hand Tools Market Size in the Russian Federation

In 2022, after three years of growth, there was significant decline in the Russian household hand tools market, when its value decreased by X% to $X. In general, consumption continues to indicate a pronounced shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Household Hand Tools Production in the Russian Federation

In value terms, household hand tools production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Household hand tools production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Household Hand Tools Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in shipments abroad of household hand tools, when their volume decreased by X% to X tons. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, household hand tools exports declined sharply to $X in 2022. Over the period under review, exports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for household hand tools exports from Russia, with a X% share of total exports. Moreover, household hand tools exports to Kazakhstan exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. Uzbekistan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Uzbekistan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for household hand tools exports from Russia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average household hand tools export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price showed a moderate expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Germany ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into the Russian Federation

After six years of growth, overseas purchases of household hand tools decreased by X% to X tons in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank significantly in the following year.

In value terms, household hand tools imports reduced notably to $X in 2022. Overall, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest household hand tools supplier to Russia, accounting for a X% share of total imports. Moreover, household hand tools imports from China exceeded the figures recorded by the second-largest supplier, Kyrgyzstan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of household hand tools to Russia, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average household hand tools import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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