CIS: Invalid Carriage Market 2023

Invalid Carriage Market Size in CIS

After two years of decline, the CIS invalid carriage market increased by 2.9% to $X in 2021. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Invalid Carriage Production in CIS

In value terms, invalid carriage production reached $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Invalid Carriage Exports

Exports in CIS

After seven years of growth, overseas shipments of invalid carriages not mechanically propelled decreased by -18% to X units in 2021. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 386% against the previous year. The volume of export peaked at X units in 2020, and then declined significantly in the following year.

In value terms, invalid carriage exports shrank rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 155% against the previous year. The level of export peaked at $X in 2020, and then declined notably in the following year.

Exports by Country

Russia represented the main exporter of invalid carriages not mechanically propelled in the CIS, with the volume of exports finishing at X units, which was near 75% of total exports in 2021. It was distantly followed by Armenia (X units), mixing up a 23% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to invalid carriage exports from Russia stood at +41.5%. At the same time, Armenia (+178.4%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +178.4% from 2012-2021. From 2012 to 2021, the share of Armenia increased by +23 percentage points.

In value terms, Russia ($X) remains the largest invalid carriage supplier in the CIS, comprising 81% of total exports. The second position in the ranking was held by Armenia ($X), with a 13% share of total exports.

In Russia, invalid carriage exports increased at an average annual rate of +34.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, shrinking by -5.1% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2017 when the export price increased by 39%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-4.7%).

Invalid Carriage Imports

Imports in CIS

In 2021, the amount of invalid carriages not mechanically propelled imported in the CIS expanded to X units, growing by 1.6% compared with the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 25%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, invalid carriage imports skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.9% 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 +71.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Russia prevails in imports structure, recording X units, which was approx. 84% of total imports in 2021. It was distantly followed by Kazakhstan (X units), generating an 8% share of total imports. Armenia (X units) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to invalid carriage imports into Russia stood at +2.9%. At the same time, Armenia (+29.2%) and Kazakhstan (+6.2%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +29.2% from 2012-2021. From 2012 to 2021, the share of Armenia and Kazakhstan increased by +2.5 and +1.6 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported invalid carriages not mechanically propelled in the CIS, comprising 89% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +7.9%. In the other countries, the average annual rates were as follows: Kazakhstan (+6.6% per year) and Armenia (+15.6% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, growing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 an increase of 26%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :