Russian Federation: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in the Russian Federation

The Russian market for electro-thermic appliances or domestic purposes soared to $X in 2021, jumping by 35% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.3% against 2017 indices. Electro-thermic appliances or domestic purposes consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Electro-Thermic Appliances Or Domestic Purposes in the Russian Federation

In value terms, electro-thermic appliances or domestic purposes production surged to $X in 2021 estimated in export price. In general, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 363% against the previous year. Electro-thermic appliances or domestic purposes production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from the Russian Federation

In 2021, after five years of growth, there was decline in shipments abroad of electro-thermic appliances or domestic purposes, when their volume decreased by -0.5% to X units. In general, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 40%. The exports peaked at X units in 2020, and then dropped modestly in the following year.

In value terms, electro-thermic appliances or domestic purposes exports surged to $X in 2021. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 203% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X units), Kazakhstan (X units) and Belarus (X units) were the main destinations of electro-thermic appliances or domestic purposes exports from Russia, together accounting for 81% of total exports. These countries were followed by Uzbekistan, Azerbaijan, Georgia and Armenia, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were in Armenia (with a CAGR of +42.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electro-thermic appliances or domestic purposes exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), together accounting for 88% of total exports. Uzbekistan, Armenia, Azerbaijan and Georgia lagged somewhat behind, together comprising a further 5.7%.

Among the main countries of destination, Armenia, with a CAGR of +73.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, with an increase of 44% against the previous year. Overall, the export price saw a slight increase. The growth pace was the most rapid in 2013 when the average export price increased by 123%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Uzbekistan ($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 Armenia (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into the Russian Federation

Electro-thermic appliances or domestic purposes imports into Russia reduced to X units in 2021, declining by -5.9% against the previous year's figure. Overall, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 52% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 88%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electro-thermic appliances or domestic purposes to Russia, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.7%.

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Russia.

From 2012 to 2021, the average annual growth rate of value from China totaled +1.8%.

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, with an increase of 26% against the previous year. In general, the import price, however, showed a mild curtailment. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.1% per year.

Source: IndexBox Platform

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