CIS: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in CIS

The CIS market for electro-thermic appliances or domestic purposes skyrocketed to $X in 2021, picking up by 54% against the previous year. In general, consumption saw prominent growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Electro-Thermic Appliances Or Domestic Purposes in CIS

In value terms, electro-thermic appliances or domestic purposes production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a prominent increase. The growth pace was the most rapid in 2014 when the production volume increased by 5,472%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in CIS

For the sixth consecutive year, the CIS recorded growth in overseas shipments of electro-thermic appliances or domestic purposes, which increased by 3.5% to X units in 2021. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 34%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports surged to $X in 2021. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 174% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Russia (X units) was the largest exporter of electro-thermic appliances or domestic purposes, comprising 84% of total exports. It was distantly followed by Belarus (X units), creating a 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electro-thermic appliances or domestic purposes exports from Russia stood at +9.1%. At the same time, Belarus (+23.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +23.4% from 2012-2021. Belarus (+9.7 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -7.6% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest electro-thermic appliances or domestic purposes supplier in the CIS, comprising 81% of total exports. The second position in the ranking was taken by Belarus ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +10.7%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, with an increase of 30% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 104% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.5%).

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in CIS

In 2021, purchases abroad of electro-thermic appliances or domestic purposes increased by 1% to X units, rising for the sixth year in a row after two years of decline. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 89%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia was the major importer of electro-thermic appliances or domestic purposes in the CIS, with the volume of imports resulting at X units, which was near 80% of total imports in 2021. It was distantly followed by Belarus (X units), constituting an 11% share of total imports. Kazakhstan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electro-thermic appliances or domestic purposes imports into Russia stood at +1.2%. At the same time, Belarus (+22.9%) and Kazakhstan (+3.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +22.9% from 2012-2021. Belarus (+9.1 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -12.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electro-thermic appliances or domestic purposes in the CIS, comprising 85% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 6.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (+3.9% per year) and Belarus (+5.7% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, rising by 16% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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