Russian Federation: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in the Russian Federation

The Russian fuel or lubricating pump market reduced markedly to $X in 2021, shrinking by -21.2% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in the Russian Federation

In value terms, fuel or lubricating pump production plummeted to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 66%. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from the Russian Federation

In 2021, fuel or lubricating pump exports from Russia skyrocketed to X units, increasing by 23% against the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 68%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports surged to $X in 2021. Overall, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 when exports increased by 147%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for fuel or lubricating pump exports from Russia, accounting for a 68% share of total exports. Moreover, fuel or lubricating pump exports to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X units), fivefold. Azerbaijan (X units) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-6.2% per year) and Azerbaijan (-5.8% per year).

In value terms, the largest markets for fuel or lubricating pump exported from Russia were Belarus ($X), Kazakhstan ($X) and the United States ($X), with a combined 53% share of total exports.

The United States, with a CAGR of +51.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, surging by 29% against the previous year. Overall, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belarus ($X per unit), while the average price for exports to Mongolia ($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 Belarus (+34.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into the Russian Federation

For the fifth year in a row, Russia recorded decline in supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, which decreased by -1.7% to X units in 2021. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 62%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, fuel or lubricating pump imports soared to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest fuel or lubricating pump supplier to Russia, accounting for a 38% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.4% per year) and Germany (-19.5% per year).

In value terms, the largest fuel or lubricating pump suppliers to Russia were Germany ($X), China ($X) and Belarus ($X), together comprising 39% of total imports. Japan, the Czech Republic, Spain, Poland, South Korea and Thailand lagged somewhat behind, together accounting for a further 12%.

Thailand, with a CAGR of +143.5%, recorded 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

In 2021, the average fuel or lubricating pump import price amounted to $X per unit, jumping by 57% against the previous year. In general, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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