CIS: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in CIS

In 2022, the CIS electrical signalling apparatus market decreased by -5% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, showed a slight decrease. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Production in CIS

In value terms, electrical signalling apparatus production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports in CIS

In 2022, approx. X units of electrical apparatus for sound or visual signalling were exported in the CIS; dropping by -39.8% against the previous year. Over the period under review, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 140% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports shrank to $X in 2022. Overall, exports, however, saw perceptible growth. The growth pace was the most rapid in 2016 with an increase of 75%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia was the main exporting country with an export of around X units, which recorded 62% of total exports. It was distantly followed by Belarus (X units), constituting a 37% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +7.8%).

In value terms, Russia ($X) remains the largest electrical signalling apparatus supplier in the CIS, comprising 73% of total exports. The second position in the ranking was held by Belarus ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +1.4%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, picking up by 65% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 95% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.9%).

Electrical Signalling Apparatus Imports

Imports in CIS

In 2022, supplies from abroad of electrical apparatus for sound or visual signalling decreased by -6.4% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw slight growth. The most prominent rate of growth was recorded in 2016 when imports increased by 96%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, electrical signalling apparatus imports declined to $X in 2022. In general, imports showed a slight decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, reaching X units, which was near 81% of total imports in 2022. Kazakhstan (X units) took an 8.2% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (4.9%). Azerbaijan (X units) and Moldova (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +1.0% from 2012 to 2022. At the same time, Moldova (+12.2%), Azerbaijan (+7.0%) and Belarus (+6.6%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +12.2% from 2012-2022. By contrast, Kazakhstan (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electrical apparatus for sound or visual signalling in the CIS, comprising 74% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total imports. It was followed by Belarus, with a 4.4% share.

In Russia, electrical signalling apparatus imports declined by an average annual rate of -1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (-1.3% per year) and Belarus (+0.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, which is down by -8.4% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2018 when the import price increased by 31% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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