CIS: Smart Card Market 2024

Smart Card Market Size in CIS

The CIS smart card market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a buoyant increase. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Smart Card Production in CIS

In value terms, smart card production dropped slightly to $X in 2022 estimated in export price. Overall, production showed strong growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Smart Card Exports

Exports in CIS

In 2022, overseas shipments of cards incorporating an electronic integrated circuit (smart card) were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, smart card exports expanded significantly to $X in 2022. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, recording X units, which was approx. X% of total exports in 2022. The following exporters - Armenia (X units), Belarus (X units) and Kazakhstan (X units) - each amounted to a X% share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of cards incorporating an electronic integrated circuit (smart card). At the same time, Armenia (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Armenia (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest smart card supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

In Russia, smart card exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Armenia (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

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 Kazakhstan ($X per unit), while Belarus ($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 a decline in the export price figures.

Smart Card Imports

Imports in CIS

After two years of decline, overseas purchases of cards incorporating an electronic integrated circuit (smart card) increased by X% to X units in 2022. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, smart card imports skyrocketed to $X in 2022. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2022. Uzbekistan (X units) took the second position in the ranking, followed by Kazakhstan (X units) and Azerbaijan (X units). All these countries together held approx. X% share of total imports. The following importers - Belarus (X units), Kyrgyzstan (X units) and Tajikistan (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to smart card imports into Russia stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Belarus (X%), Kazakhstan (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Tajikistan experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tajikistan (X p.p.), Azerbaijan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest smart card importing markets in the CIS were Uzbekistan ($X), Russia ($X) and Kazakhstan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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