Russian Federation: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the Russian Federation

In 2021, after four years of growth, there was significant decline in the Russian market for non-electronic instruments for measuring or checking variables of liquids or gases, when its value decreased by -28.4% to $X. Over the period under review, consumption saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from the Russian Federation

For the third consecutive year, Russia recorded growth in shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases, which increased by 22% to X units in 2021. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 127%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2021. In general, exports, however, recorded a slight slump. The pace of growth was the most pronounced in 2019 when exports increased by 55% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for non-electronic liquid or gas measurer exports from Russia, with a 48% share of total exports. Moreover, non-electronic liquid or gas measurer exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), twofold. The third position in this ranking was held by Azerbaijan (X units), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+17.6% per year) and Azerbaijan (+8.2% per year).

In value terms, Kazakhstan ($X), China ($X) and Belarus ($X) constituted the largest markets for non-electronic liquid or gas measurer exported from Russia worldwide, with a combined 69% share of total exports.

China, with a CAGR of +53.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, surging by 15% against the previous year. In general, the export price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Azerbaijan ($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 (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into the Russian Federation

In 2021, purchases abroad of non-electronic instruments for measuring or checking variables of liquids or gases decreased by -33.1% to X units, falling for the second consecutive year after three years of growth. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by 31%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer imports declined rapidly to $X in 2021. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 40% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest non-electronic liquid or gas measurer supplier to Russia, accounting for a 50% share of total imports. Moreover, non-electronic liquid or gas measurer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Romania (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.2% per year) and Romania (+69.3% per year).

In value terms, Germany ($X), China ($X) and Switzerland ($X) constituted the largest non-electronic liquid or gas measurer suppliers to Russia, with a combined 55% share of total imports. The Netherlands, Romania, France, Japan, Ireland, Italy, Belarus, the Czech Republic and Poland lagged somewhat behind, together comprising a further 32%.

Romania, with a CAGR of +53.9%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, picking up by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2020 an increase of 37%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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