Russian Federation: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in the Russian Federation

The Russian market for motor vehicle chassis fitted with engines soared to $X in 2022, with an increase of 16% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in the Russian Federation

In value terms, production of motor vehicle chassis fitted with engines soared to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 90%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from the Russian Federation

Exports of motor vehicle chassis fitted with engines from Russia contracted significantly to X units in 2022, which is down by -26.5% compared with the previous year's figure. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 562% against the previous year. The exports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, exports of motor vehicle chassis fitted with engines shrank dramatically to $X in 2022. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 751% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Russia, with a 92% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-11.2% per year) and Belarus (+3.9% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Russia, comprising 94% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +73.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-13.3% per year) and Belarus (+4.2% per year).

Export Prices by Country

In 2022, the average export price for motor vehicle chassis fitted with engines amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into the Russian Federation

In 2022, approx. X units of motor vehicle chassis fitted with engines were imported into Russia; shrinking by -30.3% on the previous year's figure. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 127% against the previous year. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of motor vehicle chassis fitted with engines dropped notably to $X in 2022. In general, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 97% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belarus (X units) was the main supplier of motor vehicle chassis fitted with engines to Russia, accounting for a 97% share of total imports. It was followed by Sweden (X units), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Belarus totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-30.0% per year) and Japan (-40.6% per year).

In value terms, Belarus ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Russia, comprising 93% of total imports. The second position in the ranking was held by Sweden ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Belarus was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-31.0% per year) and Japan (-36.7% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, rising by 19% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Japan ($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 (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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