CIS: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in CIS

In 2022, the CIS market for electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The total consumption indicated a temperate 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. Over the period under review, the market attained the peak level at $X in 2021, and then reduced notably in the following year.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in CIS

In value terms, lighting equipment for motor vehicles production reached $X in 2022 estimated in export price. The total production indicated a temperate 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in CIS

After six years of growth, overseas shipments of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to X units in 2022. In general, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped in the following year.

In value terms, lighting equipment for motor vehicles exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. Uzbekistan (X units), Russia (X units) and Kazakhstan (X units) followed a long way behind the leaders.

Exports from Belarus increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.), Uzbekistan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belarus ($X) emerged as the largest lighting equipment for motor vehicles supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

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

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in CIS

In 2022, supplies from abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced rapidly in the following year.

In value terms, lighting equipment for motor vehicles imports contracted dramatically to $X in 2022. In general, imports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

Russia was the largest importer of electrical lighting or visual signaling equipment for motor vehicles and cycles in the CIS, with the volume of imports recording X units, which was near X% of total imports in 2022. Belarus (X units) held the second position in the ranking, distantly followed by Kazakhstan (X units) and Uzbekistan (X units). All these countries together held approx. X% share of total imports. Azerbaijan (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Azerbaijan (X%), Belarus (X%) and Kazakhstan (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. From 2012 to 2022, the share of Belarus, Uzbekistan, Kazakhstan and Azerbaijan increased by X, X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported electrical lighting or visual signaling equipment for motor vehicles and cycles in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with an X% share of total imports. It was followed by Kazakhstan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (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 continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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