CIS: Accumulator Market 2024

Accumulator Market Size in CIS

In 2022, after six years of growth, there was decline in the CIS accumulator market, when its value decreased by X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then declined modestly in the following year.

Accumulator Production in CIS

In value terms, accumulator production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Accumulator Exports

Exports in CIS

In 2022, approx. X units of electric accumulators were exported in the CIS; with an increase of X% on the previous year's figure. In general, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator exports plummeted to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

In 2022, Russia (X units) was the main exporter of electric accumulators, constituting X% of total exports. Kazakhstan (X units) ranks second in terms of the total exports with a X% share, followed by Belarus (X%).

Russia was also the fastest-growing in terms of the electric accumulators exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus and Kazakhstan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X), Russia ($X) and Belarus ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Russia ($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 a decline in the export price figures.

Accumulator Imports

Imports in CIS

In 2022, after six years of growth, there was significant decline in purchases abroad of electric accumulators, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then declined remarkably in the following year.

In value terms, accumulator imports declined rapidly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell markedly in the following year.

Imports by Country

Russia prevails in imports structure, recording X units, which was near X% of total imports in 2022. It was distantly followed by Uzbekistan (X units), Kyrgyzstan (X units) and Kazakhstan (X units), together generating a X% share of total imports. Azerbaijan (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to accumulator imports into Russia stood at X%. At the same time, Kyrgyzstan (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%), Kazakhstan (X%) and Belarus (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Kyrgyzstan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia, Belarus and Kazakhstan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In Russia, accumulator imports 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 Azerbaijan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, reducing by X% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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