Russian Federation: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in the Russian Federation

The Russian electrical signalling apparatus market contracted slightly to $X in 2022, falling by -3.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a slight contraction. Electrical signalling apparatus consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports from the Russian Federation

In 2022, overseas shipments of electrical apparatus for sound or visual signalling decreased by -52.5% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 119%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical signalling apparatus exports fell remarkably to $X in 2022. In general, exports, however, saw slight growth. The pace of growth appeared the most rapid in 2016 with an increase of 75%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of electrical signalling apparatus exports from Russia, with a combined 95% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +38.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electrical signalling apparatus exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), with a combined 20% share of total exports.

Among the main countries of destination, Belarus, with a CAGR of +17.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, increasing by 76% against the previous year. Overall, the export price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2015 an increase of 81% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Belarus ($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 Ukraine (-1.6%), while the prices for the other major destinations experienced a decline.

Electrical Signalling Apparatus Imports

Imports into the Russian Federation

In 2022, after three years of growth, there was significant decline in purchases abroad of electrical apparatus for sound or visual signalling, when their volume decreased by -5.3% to X units. In general, imports, however, saw a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of 124% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports dropped to $X in 2022. Overall, imports showed a slight reduction. The pace of growth was the most pronounced in 2016 with an increase of 99.9% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electrical signalling apparatus supplier to Russia, accounting for a 85% share of total imports. It was followed by Turkey (X units), with a 2.6% share of total imports. Germany (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.8% per year) and Germany (-4.2% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Russia, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with an 8.4% share of total imports. It was followed by Belarus, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Belarus (-5.5% per year).

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, dropping by -7.5% against the previous year. In general, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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