Russian Federation: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in the Russian Federation

In 2021, the Russian civil reaction engine market decreased by -77.6% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption showed a abrupt descent. Civil reaction engine consumption peaked at $X in 2020, and then shrank rapidly in the following year.

Civil Reaction Engine Production in the Russian Federation

In value terms, civil reaction engine production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Civil Reaction Engine Exports

Exports from the Russian Federation

After three years of decline, overseas shipments of civil reaction engines increased by 1,969% to X units in 2021. Over the period under review, exports recorded a prominent increase. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, civil reaction engine exports skyrocketed to $X in 2021. In general, exports showed modest growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), India (X units) and France (X units) were the main destinations of civil reaction engine exports from Russia, together comprising 98% of total exports. Belarus lagged somewhat behind, accounting for a further 1.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for civil reaction engines exports from Russia, comprising 92% of total exports. The second position in the ranking was held by France ($X), with a 4.6% share of total exports. It was followed by India, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.1% per year) and India (0.0% per year).

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2021, growing by 16% against the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+39.6%), while the prices for the other major destinations experienced mixed trend patterns.

Civil Reaction Engine Imports

Imports into the Russian Federation

In 2021, overseas purchases of civil reaction engines decreased by -88.9% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 4,626%. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, civil reaction engine imports dropped remarkably to $X in 2021. Over the period under review, imports, however, posted measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 7,963%. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

The United States (X units), France (X units) and the UK (X units) were the main suppliers of civil reaction engine imports to Russia, with a combined 80% share of total imports. Belarus and Italy lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Italy ($X) were the largest civil reaction engine suppliers to Russia, with a combined 77% share of total imports. France and Belarus lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, France, with a CAGR of +101.1%, saw 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

The average civil reaction engine import price stood at $X per unit in 2021, surging by 41% against the previous year. In general, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 93% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+44.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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