Russian Federation: Computing Machinery Market 2024

Computing Machinery Market Size in the Russian Federation

The Russian computing machinery market soared to $X in 2021, with an increase of 16% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Computing Machinery Production in the Russian Federation

In value terms, computing machinery production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 16% against the previous year. Computing machinery production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Computing Machinery Exports

Exports from the Russian Federation

In 2021, exports of computing machinery and parts and accessories thereof from Russia soared to X tons, rising by 44% compared with 2020. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 55% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, computing machinery exports skyrocketed to $X in 2021. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 154% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Belarus (X tons) was the main destination for computing machinery exports from Russia, accounting for a 56% share of total exports. Moreover, computing machinery exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-1.4% per year) and Turkey (+122.8% per year).

In value terms, the largest markets for computing machinery exported from Russia were Belarus ($X), Turkey ($X) and Uzbekistan ($X), together accounting for 57% of total exports.

Turkey, with a CAGR of +130.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average computing machinery export price stood at $X per ton in 2021, growing by 38% against the previous year. Over the period under review, the export price continues to indicate a moderate increase. The pace of growth was the most pronounced in 2016 an increase of 88%. The export price peaked at $X per ton in 2017; however, from 2018 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 Turkey ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into the Russian Federation

In 2021, the amount of computing machinery and parts and accessories thereof imported into Russia declined modestly to X tons, remaining relatively unchanged against the previous year's figure. Overall, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 18%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, computing machinery imports surged to $X in 2021. Over the period under review, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.1% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest computing machinery supplier to Russia, accounting for a 67% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2.2% per year) and Thailand (+2.7% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Russia, comprising 53% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4.5% share of total imports. It was followed by Poland, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.5% per year) and Poland (+17.7% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, increasing by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +5.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Poland ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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