Russian Federation: Cutting Blade Market 2024

Cutting Blade Market Size in the Russian Federation

In 2022, after six years of growth, there was significant decline in the Russian cutting blade market, when its value decreased by X% to $X. In general, the total consumption indicated a temperate increase 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. Over the period under review, the market reached the maximum level at $X in 2021, and then plummeted in the following year.

Cutting Blade Exports

Exports from the Russian Federation

In 2022, exports of knives and cutting blades (for machines or for mechanical appliances) from Russia declined sharply to X tons, shrinking by X% on 2021 figures. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cutting blade exports reduced rapidly to $X in 2022. Over the period under review, exports, however, saw tangible growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of cutting blade exports from Russia, with a combined X% share of total exports. Uzbekistan, Lithuania and Moldova lagged somewhat behind, together accounting for a further X%.

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

In value terms, Belarus ($X), Kazakhstan ($X) and Uzbekistan ($X) constituted the largest markets for cutting blade exported from Russia worldwide, with a combined X% share of total exports. Ukraine, Moldova and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Moldova, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cutting blade export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Lithuania ($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 Lithuania (X%), while the prices for the other major destinations experienced a decline.

Cutting Blade Imports

Imports into the Russian Federation

For the fourth consecutive year, Russia recorded growth in purchases abroad of knives and cutting blades (for machines or for mechanical appliances), which increased by X% to X tons in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cutting blade imports plummeted to $X in 2022. In general, total imports indicated a noticeable increase 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. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cutting blade to Russia, accounting for a X% share of total imports. Moreover, cutting blade imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Belarus (X tons) ranked third in terms of total imports 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: Germany (X% per year) and Belarus (X% per year).

In value terms, Germany ($X), China ($X) and South Korea ($X) appeared to be the largest cutting blade suppliers to Russia, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw 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 cutting blade import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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