Russian Federation: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in the Russian Federation

The Russian market for turbo, rotary and reciporating displacement compressors reduced to $X in 2022, shrinking by -5.4% against the previous year. Overall, consumption showed a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in the Russian Federation

In value terms, production of turbo, rotary and reciporating displacement compressors contracted significantly to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2015 when the production volume increased by 120%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from the Russian Federation

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors increased by 6.1% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 252%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. Overall, exports saw a slight increase. The pace of growth appeared the most rapid in 2016 with an increase of 202%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Russia, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +37.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for turbo, rotary and reciporating displacement compressors exports from Russia, comprising 29% of total exports. The second position in the ranking was held by Belarus ($X), with a 14% share of total exports. It was followed by Ukraine, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+18.8% per year) and Ukraine (-0.2% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, shrinking by -13.1% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+3.3%), while the prices for the other major destinations experienced a decline.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into the Russian Federation

Imports of turbo, rotary and reciporating displacement compressors into Russia reduced slightly to X units in 2022, waning by -3.1% against 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 131%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 117% against the previous year. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Belarus (X units) and the Czech Republic (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Russia, with a combined 58% share of total imports. Ukraine, the Philippines, Germany, Lithuania, Belgium, the UK, Japan, France, Poland and Turkey lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +80.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Russia, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total imports. It was followed by France, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.2% per year) and France (-4.9% per year).

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, dropping by -2.9% against the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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