Russia's tool industry sales will reach 99.9 billion rubles in 2015

The Russian business consulting website reported on March 30th that a "Russian Tool Industry Analysis" data compiled by BusinesStat showed that in the period of 2006-2010, the sales of the Russian tool industry increased by 65% ​​from 670 billion rubles to 111 billion rubles . It is estimated that between 2011 and 2015, sales will continue to increase at a level of 5% per annum, reaching 99 billion rubles by 2015.

The data also shows that the sales of Russian tools rose from 128 million to 166.2 million in 2006-2008. The economic crisis in 2009 caused tool sales to drop by 23% year-on-year. After the 2010 crisis, sales of tools increased by 8.7% compared to 2009. In the tool industry, the largest share of sales is metalworking tools and carpentry tools. In 2010, the total sales of these two types of tools accounted for about 80% of all Russian tool sales.

Analysts believe that the increase in sales is due to rising prices of various tools. In the five years between 2006 and 2010, the average price of sales in the Russian tool industry rose by 57%, and each of them rose from 524 roubles to 821 roubles.