Russian Federation: Wood Tool Market 2024

Wood Tool Market Size in the Russian Federation

The Russian wood tool market reached $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Wood Tool Production in the Russian Federation

In value terms, wood tool production fell to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Wood Tool Exports

Exports from the Russian Federation

In 2022, overseas shipments of tools of wood decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood tool exports declined notably to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for wood tool exports from Russia, with a X% share of total exports. Moreover, wood tool exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X tons), twofold. Georgia (X tons) ranked third in terms of total exports with an X% share.

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

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

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

Export Prices by Country

In 2022, the average wood tool export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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

Wood Tool Imports

Imports into the Russian Federation

In 2022, after two years of growth, there was significant decline in overseas purchases of tools of wood, when their volume decreased by X% to X tons. In general, imports saw a slight descent. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, wood tool imports declined markedly to $X in 2022. Over the period under review, imports showed a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

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

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

In value terms, the largest wood tool suppliers to Russia were China ($X), India ($X) and Germany ($X), with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood tool import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. 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 ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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