CIS: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in CIS

The CIS market for motor vehicle chassis fitted with engines rose sharply to $X in 2022, picking up by 8.5% against the previous year. Overall, consumption, however, saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in CIS

In value terms, production of motor vehicle chassis fitted with engines soared to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 91% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in CIS

In 2022, shipments abroad of motor vehicle chassis fitted with engines increased by 67% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 1,149%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of motor vehicle chassis fitted with engines contracted markedly to $X in 2022. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,377%. The level of export peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

In 2022, Belarus (X units) was the major exporter of motor vehicle chassis fitted with engines, committing 73% of total exports. It was distantly followed by Russia (X units), creating a 25% share of total exports. Uzbekistan (X units) followed a long way behind the leaders.

Exports from Belarus increased at an average annual rate of +28.0% from 2012 to 2022. At the same time, Uzbekistan (+181.2%) and Russia (+18.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +181.2% from 2012-2022. Belarus (+18 p.p.) and Uzbekistan (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -14.9% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest motor vehicle chassis fitted with engines supplier in the CIS, comprising 79% of total exports. The second position in the ranking was taken by Belarus ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +18.3%. In the other countries, the average annual rates were as follows: Belarus (+0.5% per year) and Uzbekistan (+170.7% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, reducing by -52.3% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by 41%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in CIS

In 2022, imports of motor vehicle chassis fitted with engines in the CIS shrank to X units, which is down by -6.3% compared with the previous year's figure. Over the period under review, imports recorded a slight decline. The most prominent rate of growth was recorded in 2017 when imports increased by 487% against the previous year. Over the period under review, imports of hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines shrank to $X in 2022. In general, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 229%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X units) represented the major importer of motor vehicle chassis fitted with engines, mixing up 55% of total imports. Kazakhstan (X units) held the second position in the ranking, followed by Armenia (X units), Russia (X units), Kyrgyzstan (X units) and Uzbekistan (X units). All these countries together held approx. 44% share of total imports.

Imports into Belarus increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, Armenia (+45.1%), Kyrgyzstan (+35.2%) and Kazakhstan (+32.6%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +45.1% from 2012-2022. By contrast, Russia (-19.8%) and Uzbekistan (-29.1%) illustrated a downward trend over the same period. While the share of Belarus (+19 p.p.), Kazakhstan (+14 p.p.), Armenia (+10 p.p.), Kyrgyzstan (+7.1 p.p.) and Uzbekistan (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-54.1 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Belarus ($X) were the countries with the highest levels of imports in 2022, together accounting for 93% of total imports. Russia, Kyrgyzstan and Armenia lagged somewhat behind, together accounting for a further 6.4%.

In terms of the main importing countries, Kyrgyzstan, with a CAGR of +53.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, declining by -8.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 80% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 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 Uzbekistan ($X per unit), while Armenia ($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 (+29.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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