CIS: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in CIS

The CIS agricultural appliance market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Agricultural Appliance Production in CIS

In value terms, agricultural appliance production fell markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Agricultural Appliance Exports

Exports in CIS

In 2022, approx. X units of agricultural appliances were exported in the CIS; reducing by X% against the previous year. Overall, exports showed a perceptible decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural appliance exports dropped rapidly to $X in 2022. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia represented the largest exporting country with an export of around X units, which recorded X% of total exports. Kazakhstan (X units) ranks second in terms of the total exports with a X% share, followed by Azerbaijan (X%) and Uzbekistan (X%). Kyrgyzstan (X units) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), Kazakhstan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Kazakhstan (X p.p.), Azerbaijan (X p.p.), Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Azerbaijan ($X), Kazakhstan ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Azerbaijan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in the CIS stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while Russia ($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 a decline in the export price figures.

Agricultural Appliance Imports

Imports in CIS

After three years of growth, supplies from abroad of agricultural appliances decreased by X% to X units in 2022. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then contracted notably in the following year.

In value terms, agricultural appliance imports contracted to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Russia (X units) and Kazakhstan (X units) represented roughly X% of total imports in 2022. It was distantly followed by Uzbekistan (X units) and Azerbaijan (X units), together committing a X% share of total imports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported agricultural appliances in the CIS, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with an X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Russia, agricultural appliance imports increased at 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: Uzbekistan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price showed a perceptible increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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