CIS: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in CIS

The CIS air or gas liquefier market contracted to $X in 2022, falling by -6.5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Machinery for Liquefying Air or Gases in CIS

In value terms, air or gas liquefier production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 87%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports in CIS

In 2022, shipments abroad of machinery for liquefying air or gases increased by 75% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, air or gas liquefier exports soared to $X in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,223% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X units) represented the largest exporter of machinery for liquefying air or gases in the CIS, constituting 100% of total export.

Russia was also the fastest-growing in terms of the machinery for liquefying air or gases exports, with a CAGR of +21.5% from 2012 to 2022. Russia (+50 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest air or gas liquefier supplier in the CIS.

In Russia, air or gas liquefier exports expanded at an average annual rate of +13.5% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, growing by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 892%. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -4.5% per year.

Imports of Machinery for Liquefying Air or Gases

Imports in CIS

In 2022, supplies from abroad of machinery for liquefying air or gases decreased by -47.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 223% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell notably in the following year.

In value terms, air or gas liquefier imports reduced rapidly to $X in 2022. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 903% against the previous year. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

Russia prevails in imports structure, finishing at X units, which was near 96% of total imports in 2022. The following importers - Kazakhstan (X units) and Uzbekistan (X units) - each finished at a 4.1% share of total imports.

Russia was also the fastest-growing in terms of the machinery for liquefying air or gases imports, with a CAGR of +32.1% from 2012 to 2022. At the same time, Kazakhstan (+7.2%) displayed positive paces of growth. By contrast, Uzbekistan (-5.6%) illustrated a downward trend over the same period. While the share of Russia (+33 p.p.) and Uzbekistan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-10.1 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported machinery for liquefying air or gases in the CIS, comprising 98% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 1.1% share of total imports.

In Russia, air or gas liquefier imports increased at an average annual rate of +35.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+6.8% per year) and Uzbekistan (+38.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, growing by 3.5% against the previous year. In general, the import price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 an increase of 211% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 ($X per unit), while Uzbekistan ($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 (+52.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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