Russian Federation: Hvac Equipment Market 2024

Hvac Equipment Market Size in the Russian Federation

The Russian HVAC equipment market soared to $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption peaked at $X in 2012; afterwards, it flattened through to 2022.

Hvac Equipment Production in the Russian Federation

In value terms, HVAC equipment production totaled $X in 2022 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Hvac Equipment Exports

Exports from the Russian Federation

In 2022, shipments abroad of HVAC equipment decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, HVAC equipment exports shrank rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X units) was the main destination for HVAC equipment exports from Russia, with a X% share of total exports. Moreover, HVAC equipment exports to Belarus exceeded the volume sent to the second major destination, Ukraine (X units), ninefold. Kazakhstan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) constituted the largest markets for HVAC equipment exported from Russia worldwide, together accounting for X% of total exports.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Hvac Equipment Imports

Imports into the Russian Federation

After three years of growth, supplies from abroad of HVAC equipment decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, HVAC equipment imports amounted to $X in 2022. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Russia, accounting for a X% share of total imports. It was followed by Taiwan (Chinese) (X units), with a X% share of total imports. The third position in this ranking was taken by Belarus (X units), with a X% share.

From 2012 to 2022, 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: Taiwan (Chinese) (X% per year) and Belarus (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Russia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform