Russian Federation: Ecg Market 2025

Ecg Market Size in the Russian Federation

The Russian ECG market rose markedly to $X in 2021, increasing by 6.8% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.5% against 2019 indices. Consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Ecg Production in the Russian Federation

In value terms, ECG production totaled $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 67% against the previous year. Production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Ecg Exports

Exports from the Russian Federation

ECG exports from Russia totaled X units in 2021, surging by 10% against 2020 figures. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 150% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, ECG exports reduced notably to $X in 2021. Overall, exports continue to indicate slight growth. The most prominent rate of growth was recorded in 2018 when exports increased by 48% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined remarkably in the following year.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of ECG exports from Russia, with a combined 82% share of total exports. Germany, Uzbekistan, Indonesia, Kyrgyzstan and the UK lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +59.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ECG exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), together comprising 68% of total exports. Germany, Indonesia, Uzbekistan, Kyrgyzstan and the UK lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Indonesia, with a CAGR of +51.4%, 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 2021, the average ECG export price amounted to $X per unit, shrinking by -47.9% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 43%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ukraine ($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 Indonesia (-6.2%), while the prices for the other major destinations experienced a decline.

Ecg Imports

Imports into the Russian Federation

In 2021, purchases abroad of electro-cardiographs increased by 21% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ECG imports rose markedly to $X in 2021. Overall, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 54% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ECG to Russia, with a 40% share of total imports. Moreover, ECG imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Italy (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+40.1% per year) and Italy (-8.2% per year).

In value terms, the largest ECG suppliers to Russia were Switzerland ($X), China ($X) and India ($X), with a combined 55% share of total imports. The United States, Italy, Mexico, Austria, Germany and the UK lagged somewhat behind, together accounting for a further 37%.

Mexico, with a CAGR of +161.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ECG import price stood at $X per unit in 2021, shrinking by -9.6% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 18%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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