Belarus: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Belarus

In 2022, the Belarusian market for vacuum pumps and air or gas compressors decreased by -7.8% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a deep slump. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Belarus

In value terms, production of vacuum pumps and air or gas compressors shrank to $X in 2022 estimated in export price. In general, production saw a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 19%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Belarus

In 2022, the amount of vacuum pumps and air or gas compressors exported from Belarus declined remarkably to X units, reducing by -38.8% against 2021. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 22%. Over the period under review, the exports of reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors fell to $X in 2022. Overall, exports recorded a slight downturn. The growth pace was the most rapid in 2021 when exports increased by 69% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Belarus, accounting for a 91% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-12.3% per year) and Kazakhstan (-3.1% per year).

In value terms, Russia ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Belarus, comprising 85% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-4.5% per year) and Kazakhstan (+0.3% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, growing by 54% against the previous year. Over the period under review, the export price enjoyed noticeable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 124%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Russia ($X 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 Ukraine (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Belarus

In 2022, overseas purchases of vacuum pumps and air or gas compressors decreased by -40.1% to X units, falling for the second year in a row after six years of growth. In general, imports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2017 with an increase of 95%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors fell notably to $X in 2022. Overall, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of 95% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Belarus, accounting for a 77% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+10.3% per year) and Taiwan (Chinese) (+10.4% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Belarus were China ($X), Russia ($X) and Germany ($X), with a combined 55% share of total imports. Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 7.6%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +6.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 145%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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