Russian Federation: Circuit Breaker Market 2024

Circuit Breaker Market Size in the Russian Federation

The Russian circuit breaker market fell to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a mild reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Circuit Breaker Production in the Russian Federation

In value terms, circuit breaker production declined modestly to $X in 2022 estimated in export price. In general, production saw a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Circuit breaker production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Circuit Breaker Exports

Exports from the Russian Federation

In 2022, approx. X units of automatic circuit breakers were exported from Russia; waning by X% on the previous year's figure. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, circuit breaker exports declined to $X in 2022. Over the period under review, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for circuit breaker exports from Russia, with a X% share of total exports. Moreover, circuit breaker exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X units), sixfold. The third position in this ranking was held by Uzbekistan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Uzbekistan (X% per year).

In value terms, the largest markets for circuit breaker exported from Russia were Kazakhstan ($X), Germany ($X) and Brazil ($X), together accounting for X% of total exports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price enjoyed a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into the Russian Federation

After two years of growth, purchases abroad of automatic circuit breakers decreased by X% to X units in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its volume 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 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, circuit breaker imports reduced rapidly to $X in 2022. Over the period under review, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest circuit breaker supplier to Russia, with a X% share of total imports. Moreover, circuit breaker imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of automatic circuit breakers to Russia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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