Russian Federation: Measuring Instrument Market 2024

Measuring Instrument Market Size in the Russian Federation

The Russian measuring instrument market dropped notably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded slight growth. Measuring instrument consumption peaked at $X in 2021, and then fell notably in the following year.

Measuring Instrument Production in the Russian Federation

In value terms, measuring instrument production declined to $X in 2022 estimated in export price. In general, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Measuring Instrument Exports

Exports from the Russian Federation

In 2022, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank notably in the following year.

In value terms, measuring instrument exports shrank rapidly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for measuring instrument exports from Russia, with a X% share of total exports. Moreover, measuring instrument exports to Kazakhstan exceeded the volume sent to the second major destination, India (X units), fivefold. The third position in this ranking was taken by Uzbekistan (X units), with a X% share.

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

In value terms, Kazakhstan ($X) remains the key foreign market for instruments and apparatus for measuring or checking the flow or level of liquids exports from Russia, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports. It was followed by Uzbekistan, with a X% share.

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

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 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 Uzbekistan ($X per unit), while the average price for exports to Estonia ($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 Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into the Russian Federation

In 2022, after five years of growth, there was significant decline in purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume decreased by X% to X units. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank sharply in the following year.

In value terms, measuring instrument imports contracted remarkably to $X in 2022. In general, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest measuring instrument supplier to Russia, with a X% share of total imports. Moreover, measuring instrument imports from China exceeded the figures recorded by the second-largest supplier, Kazakhstan (X units), fivefold. The third position in this ranking was taken by Turkey (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of instruments and apparatus for measuring or checking the flow or level of liquids to Russia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, 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 Kazakhstan (X% per year).

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for Kazakhstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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