CIS: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2025

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in CIS

In 2021, the CIS market for electrical boards, panels, consoles, desks and cabinets was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, faced a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in CIS

In value terms, electric board, desk and panel production soared to $X in 2021 estimated in export price. In general, production continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 33%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports in CIS

In 2021, the amount of electrical boards, panels, consoles, desks and cabinets exported in the CIS rose remarkably to X units, with an increase of 11% against the previous year's figure. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, electric board, desk and panel exports skyrocketed to $X in 2021. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) and Belarus (X units) represented roughly 100% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +50.3%).

In value terms, Russia ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2021.

Belarus, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, increasing by 14% against the previous year. In general, the export price, however, recorded a pronounced decrease. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.7%).

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports in CIS

In 2021, supplies from abroad of electrical boards, panels, consoles, desks and cabinets increased by 6.4% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 13%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, electric board, desk and panel imports rose markedly to $X in 2021. Over the period under review, imports, however, saw a deep reduction. The growth pace was the most rapid in 2017 when imports increased by 24%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) was the key importer of electrical boards, panels, consoles, desks and cabinets, committing 63% of total imports. Belarus (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (10%). The following importers - Uzbekistan (X units), Azerbaijan (X units) and Moldova (X units) - each reached an 11% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric board, desk and panel imports into Russia stood at -13.4%. At the same time, Uzbekistan (+12.4%), Moldova (+4.1%), Belarus (+3.4%) and Azerbaijan (+2.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +12.4% from 2012-2021. By contrast, Kazakhstan (-2.1%) illustrated a downward trend over the same period. While the share of Belarus (+9.4 p.p.), Kazakhstan (+5.6 p.p.), Uzbekistan (+3.7 p.p.), Moldova (+2.6 p.p.) and Azerbaijan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-25.9 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported electrical boards, panels, consoles, desks and cabinets in the CIS, comprising 65% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Belarus, with an 11% share.

In Russia, electric board, desk and panel imports declined by an average annual rate of -11.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (-6.9% per year) and Belarus (+0.6% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, with an increase of 2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 when the import price increased by 18%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Uzbekistan ($X per unit) and Azerbaijan ($X per unit), while Belarus ($X per unit) and Moldova ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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