Russian Federation: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in the Russian Federation

The Russian market for electric generating sets and rotary converters fell slightly to $X in 2020, remaining constant against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Production of Electric Generating Sets And Rotary Converters in the Russian Federation

In value terms, production of electric generating sets and rotary converters rose remarkably to $X in 2020 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from the Russian Federation

In 2020, shipments abroad of electric generating sets and rotary converters increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports showed strong growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, exports reached the peak of X units. from 2017 to 2020, the growth of exports remained at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters rose markedly to $X in 2020. Overall, exports continue to indicate a slight descent. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for exports of electric generating sets and rotary converters from Russia, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X units), fivefold. The third position in this ranking was occupied by Belarus (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Kazakhstan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+X% per year) and Belarus (-X% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Azerbaijan ($X) constituted the largest markets for electric generating set and rotary converter exported from Russia worldwide, with a combined X% share of total exports. These countries were followed by Armenia, Kyrgyzstan and Austria, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for electric generating sets and rotary converters stood at $X per unit in 2020, declining by -X% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Belarus ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belarus, while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into the Russian Federation

Imports of electric generating sets and rotary converters into Russia reduced to X units in 2020, shrinking by -X% against 2019. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X units in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters soared to $X in 2020. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Austria (X units) constituted the largest electric generating set and rotary converter supplier to Russia, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from Austria exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was occupied by Poland (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Austria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Poland (+X% per year).

In value terms, Germany ($X), China ($X) and Poland ($X) constituted the largest electric generating set and rotary converter suppliers to Russia, with a combined X% share of total imports.

Poland saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, surging by X% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. from 2010 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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