CIS: Cash Register Market 2024

Cash Register Market Size in CIS

In 2022, the CIS cash register market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate resilient growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cash Register Production in CIS

In value terms, cash register production rose to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Cash Register Exports

Exports in CIS

Cash register exports contracted dramatically to X units in 2022, reducing by X% against 2021. Over the period under review, exports recorded a noticeable slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cash register exports declined notably to $X in 2022. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Belarus (X units), mixing up a X% share of total exports. Kazakhstan (X units) and Moldova (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cash register exports from Russia stood at X%. At the same time, Moldova (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Belarus (X p.p.), Kazakhstan (X p.p.) and Moldova (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price continues to indicate slight growth. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Cash Register Imports

Imports in CIS

In 2022, cash register imports in the CIS fell modestly to X units, which is down by X% against 2021 figures. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cash register imports shrank modestly to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the main importing country with an import of about X units, which recorded X% of total imports. Kazakhstan (X units) took the second position in the ranking, distantly followed by Azerbaijan (X units) and Belarus (X units). All these countries together held approx. X% share of total imports. The following importers - Armenia (X units), Kyrgyzstan (X units) and Uzbekistan (X units) - each accounted for a X% share of total imports.

Russia was also the fastest-growing in terms of the cash registers imports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Kazakhstan (X%), Armenia (X%), Belarus (X%) and Azerbaijan (X%) displayed positive paces of growth. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Armenia (X p.p.), Belarus (X p.p.) and Azerbaijan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Belarus ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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