Purchase prices for Russian companies in 2022 increased by 30%, TenderPro analysts calculated. Food for agricultural producers, construction materials and equipment for industrial companies increased in price above all.

Purchase prices for Russian companies in 2022 increased by 30%: study

TenderPro specialists calculated how much the purchase prices of certain materials increased for Russian companies in 2022 compared to 2021.

Year after year, purchase prices increased an average of 29.5%. Food for agricultural producers, construction materials and equipment for industrial companies increased in price above all, the company said.

For example, the cost of feed in 2022 increased 66.4%, crushers increased 48%, bearings 39%, piping 38.6%, ventilation equipment 35%.

“While some vendors, in the panic conditions of February, bought at prices dictated by counterparties, others worked with vendors on e-commerce platforms. This allowed them to receive 1.5 to 2.5 times cheaper purchase prices and more favorable delivery conditions than their colleagues,” said Ildar Mukhamediev, CEO of TenderPro LLC.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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