The 2011 Import and Export Market for Clocks in Russia by ICONGroup


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									   The 2011 Import and Export
   Market for Clocks in Russia

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                               Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                                         6
2     RUSSIA AND THE WORLD MARKET                                          8
    2.1        Imports in Russia in 2011                                   8
    2.2        Exports from Russia in 2011                                 8
3     IMPORTS IN RUSSIA                                                    9
    3.1        Asia                                                        9
       3.1.1      India                                                    9
       3.1.2      Japan                                                   10
       3.1.3      Singapore                                               11
       3.1.4      South Korea                                             12
    3.2        Europe                                                     13
       3.2.1      Finland                                                 13
       3.2.2      Germany                                                 14
       3.2.3      Italy                                                   15
       3.2.4      Poland                                                  16
       3.2.5      Portugal                                                16
       3.2.6      Spain                                                   17
       3.2.7      Switzerland                                             18
       3.2.8      the Netherlands                                         19
       3.2.9      the United Kingdom                                      20
    3.3        North America & the Caribbean                              21
       3.3.1      the United States                                       21
    3.4        the Middle East                                            22
       3.4.1      Turkey                                                  22
4     EXPORTS FROM RUSSIA                                                 23
    4.1      Asia                                                         23
       4.1.1   Japan                                                      23
    4.2      Europe                                                       24
       4.2.1   Belarus                                                    24
       4.2.2   Germany                                                    25
       4.2.3   Ukraine                                                    26
    4.3      North America & the Caribbean                                27
       4.3.1   the United States                                          27
    5.1        Disclaimers & Safe Harbor                                  28
    5.2        ICON Group Ltd. User Agreement Provisions                  29                                    ©2011 ICON Group Ltd.
                                                                          Clocks in Russia       6

On the demand side, exporters and strategic planners focusing on clocks in Russia face a number
of questions. Which countries are supplying clocks to Russia? How important is Russia
compared to others in terms of the entire global and regional market? How much do the imports
of clocks vary from one country of origin to another in Russia? On the supply side, Russia also
exports clocks. Which countries receive the most exports from Russia? How are these exports
concentrated across buyers? What is the value of these exports and which countries are the
largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for clocks in Russia. With the
globalization of this market, managers can no longer be contented with a local view. Nor can
managers be contented with out-of-date statistics which appear several years after the fact. I have
developed a methodology, based on macroeconomic and trade models, to estimate the market for
clocks for those countries serving Russia via exports, or supplying from Russia via imports. It
does so for the current year based on a variety of key historical indicators and econometric

In what follows, Chapter 2 begins by summarizing where Russia fits into the world market for
imported and exported clocks. The total level of imports and exports on a worldwide basis, and
those for Russia in particular, is estimated using a model which aggregates across over 150 key
country markets and projects these to the current year. From there, each country represents a
percent of the world market. This market is served from a number of competitive countries of
origin. Based on both demand- and supply-side dynamics, market shares by country of origin are
then calculated across each country market destination. These shares lead to a volume of import
and export values for each country and are aggregated to regional and world totals. In doing so,
we are able to obtain maximum likelihood estimates of both the value of each market and the
share that Russia is likely to receive this year. From these figures, rankings are calculated to
allow managers to prioritize Russia compared to other major country markets. In this way, all the
figures provided in this report are forecasts that can be combined with internal information
sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of clocks, Chapter 3 goes
into detail on imports, but for each major country of origin serving Russia. A “major” market is
defined as a country where Russia represents a substantially large share of either imports or
exports. For each major country exporting to Russia, one can thus observe how important Russia
is to that exporting country compared to other countries of the world. Chapter 4 does the same,
but for exports of clocks originating from Russia, for each major country of destination. In doing
so, one can discover the share that Russia has in each major market; this share value is often used
as a measure of competitiveness for Russia. In all cases, the total dollar volume and percentage
share values by major trading partner are provided. Combined, Chapters 3 and 4 present a the
total picture for imports and exports of clocks to and from Russia to and from all other major                                                     ©2011 ICON Group Ltd.
                                                                            Clocks in Russia        7

countries in the world. "Clocks" as a category is defined in this report following the definition
given by the United Nations Statistics Division Classification Registry using the Standard
International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined
"clocks" is 8857 . For more information on this definition, please refer to the following web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                       ©2011 ICON Group Ltd.
                                                                               Clocks in Russia         8

2.1         IMPORTS IN RUSSIA IN 2011
                                Imported Clocks in Russia, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
China                             1                     2,782               40.77                  40.77
Germany                           2                     1,031               15.11                  55.88
Italy                             3                       611                8.96                  64.84
Switzerland                       4                       516                7.56                  72.40
Japan                             5                       396                5.80                  78.21
South Korea                       6                       381                5.58                  83.79
the United States                 7                       219                3.21                  87.00
the United Kingdom                8                       161                2.36                  89.36
India                             9                       155                2.27                  91.63
Spain                            10                       153                2.24                  93.87
Taiwan                           11                       102                1.49                  95.37
the Netherlands                  12                        94                1.38                  96.75
Poland                           13                        74                1.08                  97.83
Portugal                         14                        55                0.81                  98.64
France                           15                        31                0.45                  99.09
Turkey                           16                        21                0.31                  99.40
Singapore                        17                        21                0.31                  99.71
Finland                          18                        20                0.29                 100.00
Total                                                   6,823              100.00                 100.00
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,

2.2         EXPORTS FROM RUSSIA IN 2011
                               Clocks Exports from Russia, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
Belarus                            1                      773               54.40                  54.40
Ukraine                            2                      277               19.49                  73.89
Japan                              3                      162               11.40                  85.29
Germany                            4                      115                8.09                  93.38
the United States                  5                       94                6.62                 100.00
Total                                                   1,421              100.00                 100.00
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,                                                          ©2011 ICON Group Ltd.
                                                                               Clocks in Russia         9

3.1         ASIA
3.1.1          India
                                Clocks Exports from India, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
the United States                 1                     5,658               39.17                  39.17
Belgium                           2                     2,678               18.54                  57.71
Turkey                            3                       993                6.87                  64.58
Spain                             4                       815                5.64                  70.22
France                            5                       793                5.49                  75.71
the Netherlands                   6                       786                5.44                  81.16
the United Kingdom                7                       489                3.39                  84.54
Germany                           8                       388                2.69                  87.23
Canada                            9                       347                2.40                  89.63
Saudi Arabia                     10                       254                1.76                  91.39
Italy                            11                       169                1.17                  92.56
Russia                           12                       155                1.07                  93.63
Greece                           13  
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