Report Update: May 1, 2024

Russian Federation - Instruments for Measuring Electrical Quantities - Market Analysis, Forecast, Size, Trends And Insights

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Price for Instruments for Measuring Electrical Quantities in Russia - 2022

Price for Instruments for Measuring Electrical Quantities in Russia (CIF) - 2022

The average import price for instruments for measuring electrical quantities stood at $5.3 per unit in 2022, picking up by 3.5% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 26% against the previous year. As a result, import price reached the peak level of $9.9 per unit. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($9.7 per unit), while the price for South Korea ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Instruments for Measuring Electrical Quantities in Russia (FOB) - 2022

In 2022, the average export price for instruments for measuring electrical quantities amounted to $38 per unit, rising by 17% against the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $47 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($992 per unit), while the average price for exports to Belarus ($6.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+6.8%), while the prices for the other major destinations experienced a decline.

Imports of Instruments for Measuring Electrical Quantities in Russia

After three years of growth, supplies from abroad of instruments for measuring electrical quantities decreased by -12.1% to 9.4M units in 2022. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of 11M units, and then shrank in the following year.

In value terms, instruments for measuring electrical quantities imports contracted to $50M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of $55M, and then fell in the following year.

Import of Instruments for Measuring Electrical Quantities in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	14.9	14.5	20.8	21.2	12.5%
Germany	4.8	3.9	4.7	5.7	5.9%
Taiwan (Chinese)	2.2	2.7	2.4	4.4	26.0%
Belarus	4.0	3.4	4.2	3.0	-9.1%
South Korea	1.8	1.8	1.5	1.1	-15.1%
Bulgaria	1.0	1.1	0.8	0.6	-15.7%
Hong Kong SAR	N/A	N/A	N/A	0.3	0%
Armenia	0.5	0.4	0.5	N/A	0.0%
Others	18.6	16.8	19.5	13.3	-10.6%
Total	48.0	44.7	54.6	49.7	1.2%

Top Suppliers of Instruments for Measuring Electrical Quantities to Russia in 2022:

Armenia (undefinedM units)
Belarus (2.7M units)
China (2.4M units)
South Korea (1.1M units)
Taiwan (Chinese) (0.6M units)
Germany (0.6M units)
Bulgaria (0.3M units)
Hong Kong SAR (0.2M units)

Exports of Instruments for Measuring Electrical Quantities in Russia

In 2022, the amount of instruments for measuring electrical quantities exported from Russia declined to 442K units, waning by -6.8% on 2021. In general, exports recorded a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, the exports hit record highs at 1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports amounted to $17M in 2022. Over the period under review, exports showed a sharp shrinkage. Over the period under review, the exports reached the peak figure at $40M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Instruments for Measuring Electrical Quantities in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Myanmar	0.2	N/A	N/A	8.4	247.6%
Kazakhstan	1.7	1.9	3.0	4.4	37.3%
Belarus	2.4	3.7	3.0	1.2	-20.6%
Jordan	N/A	N/A	N/A	0.4	0%
Ukraine	0.3	0.4	0.4	0.1	-30.7%
Others	35.4	12.1	8.9	2.2	-60.4%
Total	40.0	18.2	15.2	16.7	-25.3%

Top Export Markets for Instruments for Measuring Electrical Quantities from Russia in 2022:

Belarus (178.2K units)
Kazakhstan (136.2K units)
Myanmar (8.5K units)
Ukraine (8.0K units)
Jordan (6.6K units)

This report provides an in-depth analysis of the market for instruments for measuring electrical quantities in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26514310 - Multimeters
Prodcom 26514330 - Electronic instruments and apparatus for measuring or checking voltage, current, resistance or electrical power, w ithout recording device (excluding multimeters, and oscilloscopes and oscillographs)
Prodcom 26514355 - Voltmeters
Prodcom 26514359 - Non-electronic instruments and apparatus, for measuring or checking voltage, current, resistance or power, without a recording device (excluding multimeters, voltmeters)
Prodcom 26514300 -

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023