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You would think so, but there's a number of countries that are operating Flankers, including later variants such as the Su-30SM.. despite either having small geographic size, a small economy or both. Countries such as Belarus, Armenia, Myanmar, etc.
Logically, MiG-29 variants would be better suited for those markets, but the reality is that countries relying on Russian aircraft might be forced to choose Sukhoi due to the issues surrounding the MiG-29M/35 program and limited userbase.
that being said, I agree with your last part, that's where China comes in. Their companies now offer a range of alternatives for countries that can't or don't want "western" jets, but also want something smaller (and cheaper) to operate than the Flankers. From armed trainers like the L-15, to the larger J-10, and the JF-17 that sits in between. Those who have more money to spend and a more modern design, may look hard at the J-35 alongside the Su-57.
Yes, but still I think the number of countries getting these huge & heavy birds like Flankers and F-15EX are limited even more so for 5th generation types where the J-20 is not for sale and the Su-57E is almost the sole contender on the market. However I'm pretty sure, the market mostly consolidates on types one weight-class below aka within either the established 4th/4.5th generation fighters - even if I don't like these generation classifications - and soon around the J-35 as the sole Eastern block type in that segment.