Russian Federation: Inductor Market 2024

Inductor Market Size in the Russian Federation

In 2022, the Russian inductor market increased by 5.8% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a slight decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Inductor Exports

Exports from the Russian Federation

Inductor exports from Russia shrank significantly to X units in 2022, dropping by -53.1% compared with the previous year. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 85%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inductor exports fell to $X in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 82% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Uzbekistan (X units) were the main destinations of inductor exports from Russia, together accounting for 89% of total exports. Lithuania, Norway, Germany and Ukraine lagged somewhat behind, together accounting for a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +78.0%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) emerged as the key foreign market for inductors exports from Russia, comprising 45% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 22% share of total exports. It was followed by Belarus, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan stood at +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+24.6% per year) and Belarus (-8.3% per year).

Export Prices by Country

In 2022, the average inductor export price amounted to $X per unit, rising by 99% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Belarus (less than $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 Lithuania (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Inductor Imports

Imports into the Russian Federation

In 2022, overseas purchases of inductors decreased by -8.7% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, inductor imports contracted to $X in 2022. In general, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Austria (X units) and South Korea (X units) were the main suppliers of inductor imports to Russia, together comprising 87% of total imports. Vietnam, Latvia, Ukraine, the Czech Republic and Germany lagged somewhat behind, together comprising a further 7.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +86.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), China ($X) and Austria ($X) appeared to be the largest inductor suppliers to Russia, together comprising 74% of total imports. Germany, South Korea, Vietnam, Latvia and the Czech Republic lagged somewhat behind, together accounting for a further 10%.

Vietnam, with a CAGR of +58.6%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average inductor import price amounted to $X per unit, increasing by 3.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 10%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average 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 Ukraine ($X per unit), while the price for Austria (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+39.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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