Russian Federation: Keyboards Market 2024

Keyboards Market Size in the Russian Federation

After six years of growth, the Russian keyboards market decreased by -2.8% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. Keyboards consumption peaked at $X in 2021, and then dropped in the following year.

Keyboards Production in the Russian Federation

In value terms, keyboards production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by 35%. As a result, production reached the peak level of $X, and then dropped in the following year.

Keyboards Exports

Exports from the Russian Federation

After two years of growth, shipments abroad of keyboards decreased by -6.3% to X units in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, keyboards exports fell markedly to $X in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 97%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of keyboards exports from Russia, together accounting for 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +83.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) appeared to be the largest markets for keyboards exported from Russia worldwide, together comprising 71% of total exports.

Belarus, with a CAGR of +29.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average keyboards export price amounted to $X per unit, shrinking by -19.6% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 24%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Armenia ($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 Belarus (+3.4%), while the prices for the other major destinations experienced a decline.

Keyboards Imports

Imports into the Russian Federation

In 2022, supplies from abroad of keyboards decreased by -0.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, keyboards imports shrank modestly to $X in 2022. In general, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of keyboards to Russia, accounting for a 69% share of total imports. Moreover, keyboards imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+0.8% per year) and Taiwan (Chinese) (-5.9% per year).

In value terms, China ($X) constituted the largest supplier of keyboards to Russia, comprising 80% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.1% share of total imports. It was followed by Japan, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.8% per year) and Japan (+6.3% per year).

Import Prices by Country

In 2022, the average keyboards import price amounted to $X per unit, with a decrease of -3.8% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, keyboards import price decreased by -14.6% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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