Russian Federation: Grinding Machine Market 2024

Grinding Machine Market Size in the Russian Federation

In 2023, the Russian grinding machine market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Grinding Machine Production in the Russian Federation

In value terms, grinding machine production reduced to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Grinding machine production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Grinding Machine Exports

Exports from the Russian Federation

In 2023, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were exported from Russia; which is down by X% compared with the year before. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, grinding machine exports skyrocketed to $X in 2023. Overall, exports, however, saw a measured increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood 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, Turkey (X units), threefold. The third position in this ranking was taken by Georgia (X units), with an X% share.

From 2012 to 2023, 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: Turkey (X% per year) and Georgia (X% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Russia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Georgia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Georgia (X% per year).

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into the Russian Federation

In 2023, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported into Russia skyrocketed to X units, rising by X% against 2022 figures. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine imports soared to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of grinding machine to Russia, with a X% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. Kazakhstan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, 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: Turkey (X% per year) and Kazakhstan (X% per year).

In value terms, China ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Russia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, 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: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average grinding machine import price amounted to $X per unit, falling by X% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2014 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 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform