Russian Federation: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in the Russian Federation

The Russian radio navigation apparatus market rose slightly to $X in 2021, increasing by 1.5% against the previous year. In general, consumption, however, continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Radio Navigation Apparatus Production in the Russian Federation

In value terms, radio navigation apparatus production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable decline. The growth pace was the most rapid in 2014 when the production volume increased by 60%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Radio Navigation Apparatus Exports

Exports from the Russian Federation

Radio navigation apparatus exports from Russia declined to X tons in 2021, reducing by -13% on the year before. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 529% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, radio navigation apparatus exports shrank to $X in 2021. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 266% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X tons), Belarus (X tons) and Kazakhstan (X tons) were the main destinations of radio navigation apparatus exports from Russia, with a combined 70% share of total exports. These countries were followed by Armenia, Vietnam, China, Italy and Kyrgyzstan, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +160.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the key foreign market for radio navigational aid apparatus exports from Russia, comprising 35% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total exports. It was followed by China, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Egypt totaled +84.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+34.7% per year) and China (+60.8% per year).

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per ton, increasing by 6.2% against the previous year. In general, the export price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into the Russian Federation

In 2021, purchases abroad of radio navigational aid apparatus was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 78%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports skyrocketed to $X in 2021. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2016 when imports increased by 121% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), China (X tons) and Hungary (X tons) were the main suppliers of radio navigation apparatus imports to Russia, together accounting for 49% of total imports. These countries were followed by Vietnam, Mexico, Taiwan (Chinese), Japan, Italy, Thailand, the United States, Romania, Singapore and South Korea, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +394.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Czech Republic ($X) and Vietnam ($X) were the largest radio navigation apparatus suppliers to Russia, with a combined 45% share of total imports. These countries were followed by China, Hungary, the United States, Mexico, Italy, Taiwan (Chinese), Japan, Romania, Thailand and South Korea, which together accounted for a further 45%.

Among the main suppliers, Romania, with a CAGR of +380.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, increasing by 3.8% against the previous year. Overall, the import price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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