Updated Jan 23, 2023 17:37

Ceramic Electrical Insulator Market in Russia

Market Overview
The Russian ceramic electrical insulator market contracted modestly to $ in , which is down by -% 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). In general, consumption recorded a abrupt decline. The most prominent rate of growth was recorded in with an increase of % against the previous year. Ceramic electrical insulator consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, ceramic electrical insulator production dropped to $ in estimated in export price. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in with an increase of %. Ceramic electrical insulator production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
In , approx. units of electrical insulators of ceramics were consumed in Russia; with a decrease of -% on . In general, consumption saw a abrupt descent. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The revenue of the ceramic electrical insulator market in Russia reduced slightly to $ in , shrinking by -% 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). Over the period under review, consumption continues to indicate a abrupt setback. The pace of growth was the most pronounced in when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for ceramic electrical insulator in Russia, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract 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
Driven by a growing demand, the share of imports in total supply in Russia increased significantly over the last fifteen-year period (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Russia remains a net importer of ceramic electrical insulator; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, 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.