Russian Federation: Dc Motor Market 2024

Dc Motor Market Size in the Russian Federation

In 2022, after two years of growth, there was significant decline in the Russian DC motor market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Dc Motor Production in the Russian Federation

In value terms, DC motor production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Dc Motor Exports

Exports from the Russian Federation

In 2022, dc motor exports from Russia declined dramatically to X units, waning by X% compared with the year before. Over the period under review, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, DC motor exports totaled $X in 2022. In general, exports, however, recorded a modest increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belarus (X units) was the main destination for DC motor exports from Russia, accounting for a X% share of total exports. Moreover, DC motor exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X units), threefold. The Czech Republic (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and the Czech Republic (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Belarus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average DC motor export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dc Motor Imports

Imports into the Russian Federation

In 2022, purchases abroad of DC motors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, DC motor imports contracted sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest DC motor supplier to Russia, with a X% share of total imports. Moreover, DC motor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of DC motors to Russia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average DC motor import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

Source: IndexBox Platform

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