Russian Federation: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in the Russian Federation

The Russian electric oven and cooker market declined to $X in 2022, waning by -7.3% against the previous year. Over the period under review, consumption recorded a slight contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in the Russian Federation

In value terms, electric oven and cooker production declined to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.6% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 50%. Electric oven and cooker production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -18.3% to X units. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X units, and then declined notably in the following year.

In value terms, electric oven and cooker exports declined dramatically to $X in 2022. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 52%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Ukraine (X units) were the main destinations of electric oven and cooker exports from Russia, together comprising 77% of total exports. Kyrgyzstan, Armenia, Azerbaijan and Tajikistan lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +54.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric oven and cooker exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), with a combined 90% share of total exports. Kyrgyzstan, Armenia, Azerbaijan and Tajikistan lagged somewhat behind, together accounting for a further 5.9%.

Among the main countries of destination, Armenia, with a CAGR of +35.2%, saw the highest growth rate of 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 2022, the average electric oven and cooker export price amounted to $X per unit, increasing by 1.6% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric oven and cooker export price decreased by -15.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 54% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 Belarus ($X per unit), while the average price for exports to Tajikistan ($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 Azerbaijan (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into the Russian Federation

In 2022, approx. X units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were imported into Russia; with a decrease of -5.1% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electric oven and cooker imports shrank to $X in 2022. Overall, imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2019 with an increase of 50%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric oven and cooker to Russia, accounting for a 73% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), eightfold. The third position in this ranking was taken by Poland (X units), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.5% per year) and Poland (+3.0% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Russia, comprising 46% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.5% per year) and Turkey (+3.7% per year).

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, which is down by -5.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 an increase of 26%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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