CIS: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in CIS

The CIS hay-making machinery market was estimated at $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hay-Making Machinery Production in CIS

In value terms, hay-making machinery production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Hay-Making Machinery Exports

Exports in CIS

After three years of growth, shipments abroad of hay-making machinery decreased by X% to X units in 2022. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, hay-making machinery exports fell markedly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Belarus was the main exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Russia (X units), generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%).

In value terms, Belarus ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Hay-Making Machinery Imports

Imports in CIS

Hay-making machinery imports contracted sharply to X units in 2022, dropping by X% on 2021. Over the period under review, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hay-making machinery imports declined dramatically to $X in 2022. In general, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

Russia was the largest importer of hay-making machinery in the CIS, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Kazakhstan (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%) and Belarus (X%). The following importers - Moldova (X units), Azerbaijan (X units) and Uzbekistan (X units) - together made up X% of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Moldova (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%), Kazakhstan (X%) and Belarus (X%) illustrated a downward trend over the same period. Moldova (X p.p.), Azerbaijan (X p.p.), Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Belarus saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported hay-making machinery in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, hay-making machinery imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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