CIS: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in CIS

In 2022, the CIS market for electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; afterwards, it flattened through to 2022.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in CIS

In value terms, lighting equipment for motor vehicles production stood at $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in CIS

After three years of growth, shipments abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to X units in 2022. Overall, exports, however, saw a temperate expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined notably in the following year.

In value terms, lighting equipment for motor vehicles exports stood at $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Russia (X units) and Belarus (X units) represented the key exporters of electrical lighting or visual signaling equipment for motor vehicles and cycles in the CIS, together committing X% of total exports. Kazakhstan (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%).

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest lighting equipment for motor vehicles supplying countries in the CIS were Russia ($X), Belarus ($X) and Uzbekistan ($X), with a combined X% share of total exports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, surging by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Uzbekistan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

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

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in CIS

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles imported in the CIS rose slightly to X units, picking up by X% on 2021. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, lighting equipment for motor vehicles imports declined to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the largest importer of electrical lighting or visual signaling equipment for motor vehicles and cycles in the CIS, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Belarus (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%) and Uzbekistan (X%). Azerbaijan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lighting equipment for motor vehicles imports into Russia stood at X%. At the same time, Uzbekistan (X%), Azerbaijan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Belarus (X p.p.), Uzbekistan (X p.p.), Kazakhstan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported electrical lighting or visual signaling equipment for motor vehicles and cycles in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

In Russia, lighting equipment for motor vehicles imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price saw a mild downturn. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :