Russian Federation: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in the Russian Federation

The Russian transportation vehicle body market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Transportation Vehicle Body Production in the Russian Federation

In value terms, transportation vehicle body production reduced to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Transportation Vehicle Body Exports

Exports from the Russian Federation

After four years of growth, overseas shipments of bodies for motor vehicles for the transporting people decreased by X% to X units in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, transportation vehicle body exports dropped rapidly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for transportation vehicle body exports from Russia, with a X% share of total exports. It was followed by the United Arab Emirates (X units), with a X% share of total exports.

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

In value terms, Kazakhstan ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from Russia, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Kazakhstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%).

Transportation Vehicle Body Imports

Imports into the Russian Federation

For the fourth year in a row, Russia recorded decline in overseas purchases of bodies for motor vehicles for the transporting people, which decreased by X% to X units in 2022. In general, imports recorded a significant contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, transportation vehicle body imports shrank dramatically to $X in 2022. Over the period under review, imports saw a dramatic shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest transportation vehicle body supplier to Russia, accounting for a X% share of total imports. Moreover, transportation vehicle body imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. Poland (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest transportation vehicle body suppliers to Russia were China ($X), Poland ($X) and the United States ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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