CIS: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in CIS

After two years of growth, the CIS geometrical quantities electronic measurer market decreased by -3.3% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in CIS

In value terms, geometrical quantities electronic measurer production rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 281%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in CIS

In 2022, after two years of decline, there was significant growth in shipments abroad of electronic instruments and machines for measuring geometrical quantities, when their volume increased by 34% to X units. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 89% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports totaled $X in 2022. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 134%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Russia represented the largest exporting country with an export of around X units, which reached 54% of total exports. Belarus (X units) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (15%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kazakhstan (with a CAGR of +16.4%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest geometrical quantities electronic measurer supplier in the CIS, comprising 89% of total exports. The second position in the ranking was held by Belarus ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+6.7% per year) and Kazakhstan (+13.2% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, declining by -20.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28%. The level of export peaked at $X per unit in 2021, and then contracted remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.9%), while the other leaders experienced a decline in the export price figures.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in CIS

Geometrical quantities electronic measurer imports contracted to X units in 2022, which is down by -7.1% against the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, geometrical quantities electronic measurer imports declined to $X in 2022. In general, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of 67%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia represented the key importer of electronic instruments and machines for measuring geometrical quantities in the CIS, with the volume of imports recording X units, which was approx. 72% of total imports in 2022. Kazakhstan (X units) ranks second in terms of the total imports with an 11% share, followed by Uzbekistan (6.3%) and Belarus (5.3%).

From 2012 to 2022, average annual rates of growth with regard to geometrical quantities electronic measurer imports into Russia stood at -2.6%. At the same time, Uzbekistan (+29.2%), Kazakhstan (+8.5%) and Belarus (+2.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +29.2% from 2012-2022. Kazakhstan (+6.4 p.p.) and Uzbekistan (+6.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -17.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in the CIS, comprising 72% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Uzbekistan, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to -5.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+1.3% per year) and Uzbekistan (+19.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, rising by 5.3% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 14% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Uzbekistan ($X per unit) and Kazakhstan ($X per unit), while Belarus ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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