Updated Jan 23, 2023 03:20

Porcelain Technical Ware Market in Russia

Market Overview
In , the Russian porcelain technical ware market decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.

In value terms, porcelain technical ware production fell to $ in estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2010 with an increase of %. Porcelain technical ware production peaked at $ in 2019; however, from to , production failed to regain momentum.


Consumption
In , consumption of porcelain ceramic wares for laboratory, technical, and chemical use decreased by -% to tons, falling for the second consecutive year after four years of growth. In general, consumption, however, continues to indicate a strong increase. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.

The size of the porcelain technical ware market in Russia reduced to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a buoyant increase. Porcelain technical ware consumption peaked at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for porcelain technical ware in Russia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Russia domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Russia remains a net importer of porcelain technical ware; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.