CIS: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in CIS

The CIS wood milling machine market surged to $X in 2023, picking up by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Wood Milling Machine Production in CIS

In value terms, wood milling machine production surged to $X in 2023 estimated in export price. Overall, production, however, recorded a mild descent. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Wood Milling Machine Exports

Exports in CIS

In 2023, after three years of decline, there was significant growth in overseas shipments of planing, milling or moulding machines, when their volume increased by X% to X units. In general, exports saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports surged to $X in 2023. Over the period under review, exports enjoyed a buoyant increase. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the key exporter of planing, milling or moulding machines in the CIS, with the volume of exports reaching X units, which was near X% of total exports in 2023. It was distantly followed by Belarus (X units), Uzbekistan (X units), Azerbaijan (X units) and Armenia (X units), together comprising a X% share of total exports. Kazakhstan (X units) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Azerbaijan (X%), Armenia (X%), Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2023, the share of Uzbekistan, Azerbaijan, Armenia and Russia increased by X, X, X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest wood milling machine supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

In Russia, wood milling machine exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Belarus (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the export price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Wood Milling Machine Imports

Imports in CIS

For the fourth year in a row, the CIS recorded growth in overseas purchases of planing, milling or moulding machines, which increased by X% to X units in 2023. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, wood milling machine imports expanded rapidly to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, recording X units, which was near X% of total imports in 2023. The following importers - Uzbekistan (X units), Azerbaijan (X units) and Belarus (X units) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to wood milling machine imports into Russia stood at X%. At the same time, Azerbaijan (X%), Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. While the share of Russia (X p.p.), Uzbekistan (X p.p.) and Azerbaijan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belarus (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported planing, milling or moulding machines in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform