CIS: Domestic Appliances Market 2024

Domestic Appliances Market Size in CIS

The CIS domestic appliances market was estimated at $X in 2021, surging by 6.1% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Domestic Appliances Production in CIS

In value terms, domestic appliances production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

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Domestic Appliances Exports

Exports in CIS

After three years of decline, shipments abroad of domestic appliances increased by 16% to X units in 2021. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 49% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, domestic appliances exports soared to $X in 2021. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 28%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia was the key exporting country with an export of about X units, which reached 68% of total exports. Belarus (X units) ranks second in terms of the total exports with a 25% share, followed by Kyrgyzstan (5.2%). Uzbekistan (X units) took a relatively small share of total exports.

Exports from Russia increased at an average annual rate of +14.0% from 2012 to 2021. At the same time, Uzbekistan (+149.6%) and Kyrgyzstan (+70.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +149.6% from 2012-2021. Belarus experienced a relatively flat trend pattern. Russia (+23 p.p.), Kyrgyzstan (+5.1 p.p.) and Uzbekistan (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -29.4% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest domestic appliances supplier in the CIS, comprising 68% of total exports. The second position in the ranking was held by Belarus ($X), with a 25% share of total exports. It was followed by Uzbekistan, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +12.5%. In the other countries, the average annual rates were as follows: Belarus (-2.4% per year) and Uzbekistan (+146.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, growing by 9.3% against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-1.3%), while the other leaders experienced a decline in the export price figures.

Domestic Appliances Imports

Imports in CIS

In 2021, supplies from abroad of domestic appliances increased by 17% to X units, rising for the sixth year in a row after three years of decline. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.8% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 30% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, domestic appliances imports surged to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +130.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Russia was the key importing country with an import of about X units, which resulted at 66% of total imports. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together creating a 22% share of total imports. The following importers - Azerbaijan (X units), Uzbekistan (X units) and Moldova (X units) - together made up 9.2% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of domestic appliances. At the same time, Uzbekistan (+81.3%), Azerbaijan (+13.1%), Belarus (+8.9%), Kazakhstan (+7.4%) and Moldova (+5.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +81.3% from 2012-2021. While the share of Kazakhstan (+5.4 p.p.), Uzbekistan (+3.1 p.p.), Belarus (+3 p.p.) and Azerbaijan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-13.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported domestic appliances in the CIS, comprising 72% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 12% share of total imports. It was followed by Belarus, with a 5.8% share.

In Russia, domestic appliances imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+5.8% per year) and Belarus (+5.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, picking up by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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