Russian Federation: Grinding Machine Market 2024

Grinding Machine Market Size in the Russian Federation

In 2022, the Russian grinding machine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Grinding Machine Production in the Russian Federation

In value terms, grinding machine production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Grinding machine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Grinding Machine Exports

Exports from the Russian Federation

In 2022, shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding decreased by X% to X units, falling for the third consecutive year after four years of growth. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports contracted remarkably to $X in 2022. Over the period under review, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for grinding machine exports from Russia, with a X% share of total exports. Moreover, grinding machine exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X units), sevenfold.

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

In value terms, the largest markets for grinding machine exported from Russia were Uzbekistan ($X), Kazakhstan ($X) and Moldova ($X), with a combined X% share of total exports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Kazakhstan ($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 Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into the Russian Federation

In 2022, purchases abroad of machines having individual functions, for mixing, kneading, crushing or grinding decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, grinding machine imports declined rapidly to $X in 2022. Overall, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding machine to Russia, accounting for a X% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by Kazakhstan (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest grinding machine suppliers to Russia, together accounting for X% of total imports. Finland and Kazakhstan lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average grinding machine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached 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 ($X per unit), while the price for Kazakhstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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