CIS: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in CIS

For the third consecutive year, the CIS electric heating resistor market recorded growth in sales value, which increased by 13% to $X in 2021. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Electric Heating Resistor Production in CIS

In value terms, electric heating resistor production fell to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Electric Heating Resistor Exports

Exports in CIS

In 2021, shipments abroad of electric heating resistors increased by 69% to X units, rising for the sixth year in a row after two years of decline. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports skyrocketed to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +130.9% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia was the key exporting country with an export of about X units, which amounted to 60% of total exports. It was distantly followed by Belarus (X units), making up a 37% share of total exports. Moldova (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Moldova (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest electric heating resistor supplier in the CIS, comprising 68% of total exports. The second position in the ranking was taken by Belarus ($X), with a 29% share of total exports.

In Russia, electric heating resistor exports increased at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+7.5% per year) and Moldova (+35.3% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, waning by -17.9% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 9.5% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat 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 ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-9.2%), while the other leaders experienced a decline in the export price figures.

Electric Heating Resistor Imports

Imports in CIS

In 2021, the amount of electric heating resistors imported in the CIS surged to X units, picking up by 60% against the previous year's figure. In general, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports rose notably to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 25%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Russia dominates imports structure, amounting to X units, which was near 89% of total imports in 2021. It was distantly followed by Belarus (X units), constituting a 6.4% 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 electric heating resistor imports into Russia stood at +15.2%. At the same time, Belarus (+16.4%) and Kazakhstan (+2.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +16.4% from 2012-2021. While the share of Russia (+6.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electric heating resistors in the CIS, comprising 83% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.6% share of total imports.

In Russia, electric heating resistor imports increased at an average annual rate of +3.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+2.5% per year) and Kazakhstan (-1.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, shrinking by -31.7% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 4.9%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 (-4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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