Russian Federation: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in the Russian Federation

The Russian electrical circuit apparatus market soared to $X in 2021, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from the Russian Federation

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. Overall, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Ukraine (X units) were the main destinations of electrical circuit apparatus exports from Russia, with a combined X% share of total exports. Uzbekistan, Germany, Kyrgyzstan, Armenia, Azerbaijan and Bangladesh lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for electrical circuit apparatus exported from Russia were Kazakhstan ($X), Belarus ($X) and Germany ($X), with a combined X% share of total exports. Ukraine, Uzbekistan, Bangladesh, Armenia, Azerbaijan and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2021, the average electrical circuit apparatus export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 Germany ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, 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.

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Electrical Circuit Apparatus Imports

Imports into the Russian Federation

In 2021, electrical circuit apparatus imports into Russia amounted to X units, with an increase of X% against 2020 figures. Over the period under review, imports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electrical circuit apparatus imports surged to $X in 2021. Overall, imports, however, showed a slight descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electrical circuit apparatus to Russia, with a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. The third position in this ranking was taken by Belarus (X units), with a X% share.

From 2012 to 2021, 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: Germany (X% per year) and Belarus (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Russia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, picking up by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, 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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