Russian Federation: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in the Russian Federation

In 2022, the Russian domestic electro-thermic appliances market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Domestic Electro-Thermic Appliances Production in the Russian Federation

In value terms, domestic electro-thermic appliances production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. Domestic electro-thermic appliances production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Domestic Electro-Thermic Appliances Exports

Exports from the Russian Federation

After five years of growth, shipments abroad of domestic electro-thermic appliances decreased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, domestic electro-thermic appliances exports shrank modestly to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for domestic electro-thermic appliances exports from Russia, accounting for a X% share of total exports. Moreover, domestic electro-thermic appliances exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X units), more than tenfold. 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 totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Uzbekistan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for domestic electro-thermic appliances exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($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 stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average domestic electro-thermic appliances export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Armenia ($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 Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Electro-Thermic Appliances Imports

Imports into the Russian Federation

In 2022, overseas purchases of domestic electro-thermic appliances decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, continue to indicate a moderate increase. 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 in the following year.

In value terms, domestic electro-thermic appliances imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest domestic electro-thermic appliances supplier to Russia, accounting for a X% share of total imports. It was followed by Turkey (X units), with a X% share of total imports. Germany (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances to Russia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

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

Import Prices by Country

The average domestic electro-thermic appliances import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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