Russian Federation: Measuring Instrument Market 2022

Measuring Instrument Market Size in the Russian Federation

The Russian measuring instrument market reduced to $X in 2021, declining by -13.7% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.8% against 2019 indices. Measuring instrument consumption peaked at $X in 2020, and then shrank in the following year.

Measuring Instrument Production in the Russian Federation

In value terms, measuring instrument production declined to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2017 with an increase of 61% against the previous year. Measuring instrument production peaked at $X in 2020, and then shrank in the following year.

Measuring Instrument Exports

Exports from the Russian Federation

Measuring instrument exports from Russia soared to X units in 2021, jumping by 35% on the previous year's figure. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 59% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, measuring instrument exports skyrocketed to $X in 2021. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 61%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus (X units), Ukraine (X units) and Kazakhstan (X units) were the main destinations of measuring instrument exports from Russia, with a combined 61% share of total exports. Uzbekistan, India, Tajikistan, Azerbaijan, Lithuania, Kyrgyzstan and Mexico lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +114.2%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the key foreign market for measuring instrument exports from Russia, comprising 41% of total exports. The second position in the ranking was taken by Belarus ($X), with a 12% share of total exports. It was followed by India, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+21.5% per year) and India (+6.3% per year).

Export Prices by Country

In 2021, the average measuring instrument export price amounted to $X per unit, rising by 4.7% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Tajikistan ($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 (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Measuring Instrument Imports

Imports into the Russian Federation

In 2021, overseas purchases of instruments and apparatus for measuring or checking the flow or level of liquids increased by 4.8% to X units, rising for the fifth consecutive year after four years of decline. Overall, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 45%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, measuring instrument imports declined to $X in 2021. In general, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2017 when imports increased by 13%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of measuring instrument to Russia, accounting for a 57% share of total imports. Moreover, measuring instrument imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Belarus (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.7% per year) and Belarus (-7.0% per year).

In value terms, Germany ($X) constituted the largest supplier of measuring instrument to Russia, comprising 29% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.1% per year) and China (+4.8% per year).

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2021, dropping by -5.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 54% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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