CIS: Ignition Magneto Market 2024

Ignition Magneto Market Size in CIS

The CIS ignition magneto market stood at $X in 2021, picking up by 2.7% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ignition Magneto Production in CIS

In value terms, ignition magneto production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ignition Magneto Exports

Exports in CIS

Ignition magneto exports contracted to X units in 2021, shrinking by -6.4% compared with the year before. Over the period under review, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 52%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ignition magneto exports rose notably to $X in 2021. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 25%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus represented the largest exporting country with an export of about X units, which amounted to 59% of total exports. Russia (X units) took a 35% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (5.7%).

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +25.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +17.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Kazakhstan ($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 (-3.1%), while the other leaders experienced a decline in the export price figures.

Ignition Magneto Imports

Imports in CIS

For the third consecutive year, the CIS recorded growth in supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels, which increased by 31% to X units in 2021. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, ignition magneto imports surged to $X in 2021. In general, imports, however, saw a perceptible setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, reaching X units, which was approx. 85% of total imports in 2021. Belarus (X units) held a 5.8% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (4.6%). Moldova (X units) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the ignition magnetos, magneto-dynamos and magnetic flywheels imports, with a CAGR of +7.8% from 2012 to 2021. At the same time, Belarus (+5.6%) displayed positive paces of growth. Moldova experienced a relatively flat trend pattern. By contrast, Kazakhstan (-6.9%) illustrated a downward trend over the same period. Russia (+11 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -10.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ignition magnetos, magneto-dynamos and magnetic flywheels in the CIS, comprising 81% of total imports. The second position in the ranking was taken by Belarus ($X), with a 7.8% share of total imports. It was followed by Kazakhstan, with a 6.4% share.

In Russia, ignition magneto imports plunged by an average annual rate of -3.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (-3.2% per year) and Kazakhstan (-9.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, increasing by 4.3% against the previous year. In general, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when the import price increased by 21%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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