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Russian Federation - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Russia - 2022
Contents:
- Thermostat Price in Russia (CIF) - 2022
- Thermostat Price in Russia (FOB) - 2022
- Thermostat Imports in Russia
- Thermostat Exports in Russia
Thermostat Price in Russia (CIF) - 2022
In 2022, the average thermostat import price amounted to $3.4 per unit, surging by 3.2% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30% against the previous year. The import price peaked at $4.1 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($14 per unit), while the price for Armenia ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in Russia (FOB) - 2022
The average thermostat export price stood at $9.2 per unit in 2022, picking up by 3.9% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 27% against the previous year. The export price peaked at $17 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($26 per unit), while the average price for exports to Ukraine ($2.7 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 Norway (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in Russia
In 2022, purchases abroad of thermostats decreased by -9.2% to 18M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, imports reached the peak of 20M units, and then declined in the following year.
In value terms, thermostat imports declined to $62M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of $66M, and then fell in the following year.
Import of Thermostat in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.1 | 13.8 | 20.8 | 24.2 | 19.7% |
Italy | 7.3 | 7.6 | 8.5 | 8.0 | 3.1% |
Denmark | 3.9 | 5.7 | 6.8 | 4.7 | 6.4% |
Germany | 7.7 | 10.4 | 7.2 | 4.6 | -15.8% |
France | 1.3 | 1.0 | 1.6 | 2.5 | 24.4% |
Czech Republic | 1.1 | 0.6 | 0.7 | 2.3 | 27.9% |
Armenia | 0.5 | 0.6 | 0.7 | 0.7 | 11.9% |
Slovakia | 0.9 | 0.7 | 1.3 | 0.4 | -23.7% |
Others | 15.9 | 17.4 | 18.6 | 14.5 | -3.0% |
Total | 52.6 | 57.8 | 66.1 | 62.0 | 5.6% |
Top Suppliers of Thermostat to Russia in 2022:
- China (11.0M units)
- Italy (1.6M units)
- Armenia (1.3M units)
- Denmark (1.2M units)
- Czech Republic (0.9M units)
- France (0.5M units)
- Germany (0.3M units)
- Slovakia (0.2M units)
Thermostat Exports in Russia
In 2022, shipments abroad of thermostats decreased by -10% to 682K units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year. Over the period under review, the exports attained the maximum at 757K units in 2021, and then contracted in the following year.
In value terms, thermostat exports dropped to $6.3M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports reached the peak of $6.7M, and then reduced in the following year.
Export of Thermostat in Russia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belarus | 1,503 | 1,831 | 1,538 | 1,564 | 1.3% |
Germany | 345 | 401 | 614 | 1,512 | 63.6% |
Kazakhstan | 1,319 | 1,568 | 2,027 | 1,414 | 2.3% |
Norway | 208 | 230 | 380 | 659 | 46.9% |
Ukraine | 403 | 482 | 485 | 359 | -3.8% |
Armenia | 73.2 | 98.8 | 146 | 235 | 47.5% |
Uzbekistan | 160 | 144 | 151 | 4.7 | -69.1% |
Azerbaijan | 32.3 | 22.5 | 38.6 | 2.2 | -59.2% |
China | 416 | 42.4 | 309 | N/A | -13.8% |
Others | 892 | 1,021 | 1,014 | 521 | -16.4% |
Total | 5,349 | 5,839 | 6,702 | 6,271 | 5.4% |
Top Export Markets for Thermostat from Russia in 2022:
- Kazakhstan (195.2K units)
- Belarus (176.9K units)
- Ukraine (133.3K units)
- Germany (58.9K units)
- Norway (52.8K units)
- Armenia (25.6K units)
- Azerbaijan (1.3K units)
- Uzbekistan (0.5K units)
This report provides an in-depth analysis of the thermostat market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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