Russian Federation: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in the Russian Federation

The Russian machine-tool for working metal market stood at $X in 2022, growing by X% against the previous year. In general, consumption recorded a tangible expansion. Machine-tool for working metal consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in the Russian Federation

In value terms, machine-tool for working metal production declined rapidly to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from the Russian Federation

In 2022, overseas shipments of machine tools for working metal increased by X% to X units, rising for the seventh consecutive year after two years of decline. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, machine-tool for working metal exports fell to $X in 2022. Overall, exports showed a modest increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X units), Kazakhstan (X units) and Belarus (X units) were the main destinations of machine-tool for working metal exports from Russia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for machine tools for working metal exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Armenia ($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 Egypt (X%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal

Imports into the Russian Federation

In 2022, supplies from abroad of machine tools for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports dropped significantly to $X in 2022. Overall, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine-tool for working metal to Russia, with a X% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Poland (X units) ranked third in terms of total imports with a X% share.

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: Turkey (X% per year) and Poland (X% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal to Russia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

Import Prices by Country

The average machine-tool for working metal import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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