Russian Federation: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in the Russian Federation

The Russian positive displacement pump market rose rapidly to $X in 2022, growing 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 continues to indicate a significant increase. Positive displacement pump consumption peaked in 2022 and is likely to see steady growth in the near future.

Positive Displacement Pump Exports

Exports from the Russian Federation

In 2022, overseas shipments of positive displacement pumps and hand pumps decreased by X% to X units, falling for the second year in a row after three years of growth. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, positive displacement pump exports dropped remarkably to $X in 2022. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for positive displacement pump exports from Russia, accounting for a X% share of total exports. Moreover, positive displacement pump exports to Kazakhstan exceeded the volume sent to the second major destination, Estonia (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with an 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: Estonia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from Russia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the average positive displacement pump export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, faced a abrupt slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Estonia ($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 Ukraine (X%), while the prices for the other major destinations experienced a decline.

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Positive Displacement Pump Imports

Imports into the Russian Federation

In 2022, imports of positive displacement pumps and hand pumps into Russia expanded notably to X units, surging by X% against 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, positive displacement pump imports contracted to $X in 2022. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

Turkey (X units), China (X units) and Kazakhstan (X units) were the main suppliers of positive displacement pump imports to Russia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kazakhstan (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Russia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Serbia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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