Russian Federation: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in the Russian Federation

The Russian market for electric generating sets and rotary converters expanded to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Electric Generating Sets And Rotary Converters in the Russian Federation

In value terms, production of electric generating sets and rotary converters rose notably to $X in 2021 estimated in export price. Overall, production showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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Exports of Electric Generating Sets And Rotary Converters

Exports from the Russian Federation

In 2021, exports of electric generating sets and rotary converters from Russia surged to X units, picking up by X% compared with 2020. In general, exports posted a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of electric generating sets and rotary converters surged to $X in 2021. Overall, exports saw a modest increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for exports of electric generating sets and rotary converters from Russia, accounting for a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X units), fivefold. Belarus (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Belarus (X% per year).

In value terms, the largest markets for electric generating set and rotary converter exported from Russia were Belarus ($X), Kazakhstan ($X) and Azerbaijan ($X).

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

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2020, 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 Belarus ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into the Russian Federation

In 2021, approx. X units of electric generating sets and rotary converters were imported into Russia; increasing by X% on 2020 figures. In general, imports, however, saw a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of electric generating sets and rotary converters fell sharply to $X in 2021. Overall, imports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2020, Austria (X units) was the main electric generating set and rotary converter supplier to Russia, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from Austria exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Poland (X units), with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Austria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

In value terms, Germany ($X), China ($X) and Poland ($X) constituted the largest electric generating set and rotary converter suppliers to Russia.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, jumping by X% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2020, 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 Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2020, 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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