CIS: Manostat Market 2024

Manostat Market Size in CIS

The CIS manostat market stood at $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 8.9%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Manostat Production in CIS

In value terms, manostat production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 10% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Manostat Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in overseas shipments of manostats, when their volume decreased by -8.6% to X units. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, manostat exports rose sharply to $X in 2022. In general, exports faced a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 23%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X units) represented the major exporter of manostats, making up 83% of total exports. It was distantly followed by Belarus (X units), comprising a 13% share of total exports. Armenia (X units) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +11.1% from 2012 to 2022. At the same time, Armenia (+80.4%) and Belarus (+10.8%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +80.4% from 2012-2022. While the share of Armenia (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest manostat supplier in the CIS, comprising 89% of total exports. The second position in the ranking was held by Belarus ($X), with a 5.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to -11.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+1.0% per year) and Armenia (+123.7% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, growing by 17% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 24% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+24.0%), while the other leaders experienced a decline in the export price figures.

Manostat Imports

Imports in CIS

In 2022, approx. X units of manostats were imported in the CIS; dropping by -10.4% against 2021 figures. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, manostat imports declined notably to $X in 2022. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 42%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, reaching X units, which was approx. 91% of total imports in 2022. The following importers - Kazakhstan (X units), Belarus (X units) and Moldova (X units) - together made up 6.8% of total imports.

Imports into Russia increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Moldova (+13.2%) and Kazakhstan (+8.0%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +13.2% from 2012-2022. By contrast, Belarus (-7.5%) illustrated a downward trend over the same period. While the share of Belarus (-4.8 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported manostats in the CIS, comprising 75% of total imports. The second position in the ranking was held by Belarus ($X), with a 9.1% share of total imports. It was followed by Kazakhstan, with an 8.6% share.

In Russia, manostat imports contracted by an average annual rate of -4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (-7.0% per year) and Kazakhstan (-10.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, falling by -8.6% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 21% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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