CIS: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in CIS

The CIS electrical circuit apparatus market skyrocketed to $X in 2021, surging by X% against the previous year. In general, consumption, however, continues to indicate a slight descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Production in CIS

In value terms, electrical circuit apparatus production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports in CIS

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the sixth consecutive year after two years of decline. Total exports indicated prominent growth 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 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, electrical circuit apparatus exports soared to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value 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 pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Russia was the largest exporter of electrical apparatus for circuit connection, switching and protection in the CIS, with the volume of exports accounting for X units, which was near X% of total exports in 2021. It was distantly followed by Belarus (X units), making up a X% share of total exports.

Russia was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection exports, with a CAGR of X% from 2012 to 2021. At the same time, Belarus (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest electrical circuit apparatus supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Russia, electrical circuit apparatus exports expanded at an average annual rate of X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Electrical Circuit Apparatus Imports

Imports in CIS

In 2021, supplies from abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the sixth year in a row after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports soared to $X in 2021. Overall, imports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, resulting at X units, which was near X% of total imports in 2021. Kazakhstan (X units) ranks second in terms of the total imports with a X% share, followed by Belarus (X%) and Uzbekistan (X%). The following importers - Azerbaijan (X units) and Moldova (X units) - each finished at a X% share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2021. At the same time, Uzbekistan (X%), Belarus (X%), Moldova (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2021. Kazakhstan experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

In Russia, electrical circuit apparatus imports shrank by an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :