CIS: Measuring Instrument Market 2022

Measuring Instrument Market Size in CIS

The CIS measuring instrument market shrank to $X in 2021, waning by -13.5% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.8% against 2019 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Measuring Instrument Production in CIS

In value terms, measuring instrument production contracted to $X in 2021 estimated in export price. In general, production, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of 60% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Measuring Instrument Exports

Exports in CIS

In 2021, exports of instruments and apparatus for measuring or checking the flow or level of liquids in the CIS skyrocketed to X units, with an increase of 22% compared with the previous year's figure. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 45% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, measuring instrument exports surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 49%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia represented the key exporter of instruments and apparatus for measuring or checking the flow or level of liquids in the CIS, with the volume of exports amounting to X units, which was near 68% of total exports in 2021. It was distantly followed by Belarus (X units), committing a 31% share of total exports.

Russia was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of +11.2% from 2012 to 2021. At the same time, Belarus (+7.9%) displayed positive paces of growth. Russia (+8.6 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -4.3% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest measuring instrument supplier in the CIS, comprising 83% of total exports. The second position in the ranking was taken by Belarus ($X), with a 16% share of total exports.

In Russia, measuring instrument exports increased at an average annual rate of +7.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, surging by 5.4% against the previous year. In general, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 14%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 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 Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.2%).

Measuring Instrument Imports

Imports in CIS

In 2021, purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by 4.2% to X units, rising for the fifth consecutive year after two years of decline. Overall, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2017 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, measuring instrument imports expanded modestly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, recording X units, which was near 80% of total imports in 2021. It was distantly followed by Kazakhstan (X units), Belarus (X units) and Uzbekistan (X units), together creating an 18% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to measuring instrument imports into Russia stood at -4.5%. At the same time, Uzbekistan (+23.3%), Belarus (+8.6%) and Kazakhstan (+2.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +23.3% from 2012-2021. Uzbekistan (+4.2 p.p.), Belarus (+4.1 p.p.) and Kazakhstan (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -11.2% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in the CIS, comprising 57% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 24% share of total imports. It was followed by Belarus, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled -2.4%. In the other countries, the average annual rates were as follows: Kazakhstan (+2.3% per year) and Belarus (+4.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, reducing by -2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 an increase of 45% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while Russia ($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 (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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