CIS: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in CIS

In 2021, the CIS market for parts of apparatus of hs increased by 0.8% to $X, rising for the fifth year in a row after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Parts Of Apparatus Of Hs in CIS

In value terms, parts of apparatus of hs production shrank significantly to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 68%. As a result, production attained the peak level of $X, and then contracted dramatically in the following year.

Exports of Parts Of Apparatus Of Hs

Exports in CIS

Parts of apparatus of hs exports surged to X units in 2021, jumping by 23% against 2020 figures. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 67%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, parts of apparatus of hs exports soared to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2017 with an increase of 68% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Belarus (X units) represented the major exporter of parts of apparatus of hs, making up 56% of total exports. Russia (X units) held the second position in the ranking, distantly followed by Kazakhstan (X units). All these countries together took near 43% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +53.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest parts of apparatus of hs supplier in the CIS, comprising 74% of total exports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +23.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+38.8% per year) and Kazakhstan (+44.1% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, picking up by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while Belarus ($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 (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Apparatus Of Hs

Imports in CIS

In 2021, the amount of parts of apparatus of hs imported in the CIS soared to X units, surging by 15% compared with the previous year. In general, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 22%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parts of apparatus of hs imports stood at $X in 2021. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 55%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Russia represented the key importer of parts of apparatus of hs in the CIS, with the volume of imports finishing at X units, which was near 63% of total imports in 2021. Kazakhstan (X units) held a 25% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (4.8%). Armenia (X units) and Azerbaijan (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to parts of apparatus of hs imports into Russia stood at -10.1%. At the same time, Armenia (+19.7%), Azerbaijan (+18.1%) and Kazakhstan (+6.0%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +19.7% from 2012-2021. Belarus experienced a relatively flat trend pattern. While the share of Kazakhstan (+17 p.p.), Armenia (+2.6 p.p.), Belarus (+2.4 p.p.) and Azerbaijan (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-25.7 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported parts of apparatus of hs in the CIS, comprising 79% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total imports. It was followed by Belarus, with a 4.2% share.

In Russia, parts of apparatus of hs imports expanded at an average annual rate of +7.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+20.4% per year) and Belarus (+13.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 90% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per unit), while Armenia ($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 (+19.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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