Russian Federation: Ignition Magneto Market 2025

Ignition Magneto Market Size in the Russian Federation

The Russian ignition magneto market skyrocketed to $X in 2021, rising by 37% 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, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ignition Magneto Exports

Exports from the Russian Federation

In 2021, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were exported from Russia; with an increase of 56% against 2020. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 201%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ignition magneto exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 127% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, 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 ignition magneto exports from Russia, together accounting for 85% of total exports. These countries were followed by Azerbaijan, Mongolia and Moldova, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +0.5%), while the other leaders experienced a decline.

In value terms, the largest markets for ignition magneto exported from Russia were Belarus ($X), Kazakhstan ($X) and Azerbaijan ($X), with a combined 71% share of total exports.

Among the main countries of destination, Azerbaijan, with a CAGR of +0.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, waning by -15.7% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 47%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Kazakhstan ($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 Mongolia (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ignition Magneto Imports

Imports into the Russian Federation

In 2021, ignition magneto imports into Russia soared to X units, surging by 31% against the previous year. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 62% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, ignition magneto imports soared to $X in 2021. Over the period under review, imports, however, recorded a perceptible downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest ignition magneto supplier to Russia, with a 73% share of total imports. Moreover, ignition magneto imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+14.3% per year) and Germany (+2.6% per year).

In value terms, China ($X), Croatia ($X) and Germany ($X) appeared to be the largest ignition magneto suppliers to Russia, together comprising 75% of total imports. These countries were followed by the Philippines, the United States, Mexico, Belarus and Ukraine, which together accounted for a further 20%.

Ukraine, with a CAGR of +47.8%, saw 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

The average ignition magneto import price stood at $X per unit in 2021, rising by 11% against the previous year. In general, the import price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22%. 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 country of origin: the country with the highest price was Croatia ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :