CIS: Ignition Magneto Market 2024

Ignition Magneto Market Size in CIS

The CIS ignition magneto market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ignition Magneto Production in CIS

In value terms, ignition magneto production shrank to $X in 2022 estimated in export price. Overall, production showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Ignition Magneto Exports

Exports in CIS

In 2022, shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units, falling for the fourth year in a row after two years of growth. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, ignition magneto exports contracted notably to $X in 2022. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus was the key exporter of ignition magnetos, magneto-dynamos and magnetic flywheels in the CIS, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Russia (X units), comprising a X% share of total exports.

Belarus was also the fastest-growing in terms of the ignition magnetos, magneto-dynamos and magnetic flywheels exports, with a CAGR of X% from 2012 to 2022. Russia (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) emerged as the largest ignition magneto supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus amounted to X%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Ignition Magneto Imports

Imports in CIS

In 2022, supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, ignition magneto imports declined modestly to $X in 2022. In general, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Belarus (X units), committing a X% share of total imports. The following importers - Kazakhstan (X units), Azerbaijan (X units), Armenia (X units) and Moldova (X units) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), Armenia (X%), Moldova (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. Azerbaijan (X p.p.), Russia (X p.p.) and Armenia (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ignition magnetos, magneto-dynamos and magnetic flywheels in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. 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, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt contraction. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Kazakhstan ($X per unit), while Armenia ($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 import price figures.

Source: IndexBox Platform

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