CIS: Travel Set Market 2024

Travel Set Market Size in CIS

In 2021, the CIS travel set market increased by 12% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, showed prominent growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Travel Set Production in CIS

In value terms, travel set production stood at $X in 2021 estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 93%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Travel Set Exports

Exports in CIS

In 2021, overseas shipments of travel sets increased by 263% to X units, rising for the second consecutive year after two years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 431% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, travel set exports surged to $X in 2021. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 522%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Russia dominates exports structure, amounting to X units, which was near 98% of total exports in 2021. Belarus (X units) took a relatively small share of total exports.

Russia was also the fastest-growing in terms of the travel sets exports, with a CAGR of +46.5% from 2012 to 2021. At the same time, Belarus (+38.0%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest travel set supplier in the CIS, comprising 97% of total exports. The second position in the ranking was held by Belarus ($X), with a 1.6% share of total exports.

In Russia, travel set exports expanded at an average annual rate of +35.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, reducing by -36.8% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 91% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-7.4%).

Travel Set Imports

Imports in CIS

For the third year in a row, the CIS recorded growth in overseas purchases of travel sets, which increased by 25% to X units in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, travel set imports reached $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 30% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia was the major importer of travel sets in the CIS, with the volume of imports reaching X units, which was approx. 79% of total imports in 2021. Kazakhstan (X units) ranks second in terms of the total imports with a 12% share, followed by Belarus (5%). Azerbaijan (X units) held a little share of total imports.

Imports into Russia decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Belarus (+28.4%), Kazakhstan (+17.3%) and Azerbaijan (+10.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +28.4% from 2012-2021. From 2012 to 2021, the share of Kazakhstan and Belarus increased by +8.7 and +4.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported travel sets in the CIS, comprising 72% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 18% share of total imports. It was followed by Belarus, with a 4% share.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (+15.7% per year) and Belarus (+20.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, which is down by -9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 when the import price increased by 25%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Belarus ($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 (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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