CIS: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in CIS

The CIS fuel or lubricating pump market contracted rapidly to $X in 2021, reducing by -19.5% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in CIS

In value terms, fuel or lubricating pump production dropped sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 67%. As a result, production reached the peak level of $X, and then fell dramatically in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in CIS

In 2021, fuel or lubricating pump exports in the CIS soared to X units, rising by 21% against 2020. Over the period under review, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of 57%. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, fuel or lubricating pump exports surged to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 119%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Russia was the major exporting country with an export of about X units, which resulted at 83% of total exports. It was distantly followed by Belarus (X units), creating a 16% share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of fuel, lubricating or cooling-medium pumps for internal combustion engines. Belarus (-3.7%) illustrated a downward trend over the same period. While the share of Russia (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belarus (-3.8 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest fuel or lubricating pump supplier in the CIS, comprising 71% of total exports. The second position in the ranking was taken by Belarus ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled -2.1%.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, picking up by 24% against the previous year. In general, the export price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2016 an increase of 39%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: 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 Belarus (+8.8%).

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in CIS

Fuel or lubricating pump imports expanded modestly to X units in 2021, surging by 2.8% on the year before. Overall, imports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 63%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X units) and Belarus (X units) were the major importers of fuel, lubricating or cooling-medium pumps for internal combustion engines in 2021, reaching approx. 45% and 31% of total imports, respectively. It was distantly followed by Kazakhstan (X units) and Uzbekistan (X units), together mixing up an 18% share of total imports. Azerbaijan (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported fuel, lubricating or cooling-medium pumps for internal combustion engines in the CIS, comprising 74% of total imports. The second position in the ranking was held by Belarus ($X), with a 10% share of total imports. It was followed by Kazakhstan, with an 8.4% share.

In Russia, fuel or lubricating pump imports increased at an average annual rate of +10.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (-0.8% per year) and Kazakhstan (+3.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, with an increase of 39% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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