Russian Federation: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in the Russian Federation

The Russian market for non-domestic percolators and equipment for cooking or heating food declined to $X in 2022, which is down by -11.2% against the previous year. In general, consumption, however, recorded a pronounced expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in the Russian Federation

In value terms, production of non-domestic percolators and equipment for cooking or heating food declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from the Russian Federation

In 2022, shipments abroad of non-domestic percolators and equipment for cooking or heating food decreased by -10.8% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 176%. Over the period under review, the exports of hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food declined to $X in 2022. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 87%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from Russia, with a 49% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), twofold. The third position in this ranking was held by Ukraine (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+23.6% per year) and Ukraine (+33.7% per year).

In value terms, Kazakhstan ($X), Belarus ($X) and Uzbekistan ($X) appeared to be the largest markets for non-domestic percolators and equipment for cooking or heating food exported from Russia worldwide, with a combined 62% share of total exports.

Uzbekistan, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, declining by -2.5% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of 59%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

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 Mongolia ($X per unit), while the average price for exports to Kyrgyzstan ($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 Mongolia (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into the Russian Federation

In 2022, approx. X units of non-domestic percolators and equipment for cooking or heating food were imported into Russia; shrinking by -13.6% against 2021 figures. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 65%. Over the period under review, imports of hit record highs at X units in 2021, and then reduced in the following year.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food contracted to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 55%. Over the period under review, imports of reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to Russia, accounting for a 79% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by India (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.4% per year) and India (+155.9% per year).

In value terms, the largest non-domestic percolators and equipment for cooking or heating food suppliers to Russia were China ($X), Italy ($X) and the United States ($X), with a combined 58% share of total imports. India, South Korea and Belarus lagged somewhat behind, together accounting for a further 8.9%.

India, with a CAGR of +115.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, picking up by 5.3% against the previous year. Overall, the import price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform