Belarus: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Belarus

In 2021, the Belarusian air conditioning machine market decreased by -22.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Air Conditioning Machine Production in Belarus

In value terms, air conditioning machine production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 20%. Air conditioning machine production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Air Conditioning Machine Exports

Exports from Belarus

In 2021, overseas shipments of air conditioning machines were finally on the rise to reach X units after three years of decline. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 186% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, air conditioning machine exports soared to $X in 2021. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 102% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X units) was the main destination for air conditioning machine exports from Belarus, accounting for a 92% share of total exports. Moreover, air conditioning machine exports to Russia exceeded the volume sent to the second major destination, Azerbaijan (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+78.2% per year) and Lithuania (+86.1% per year).

In value terms, Russia ($X) remains the key foreign market for air conditioning machine exports from Belarus, comprising 79% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+42.2% per year) and Lithuania (+48.7% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, shrinking by -41.1% against the previous year. In general, the export price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 277% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then declined remarkably in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.3%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into Belarus

In 2021, approx. X units of air conditioning machines were imported into Belarus; picking up by 38% on the year before. Overall, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.9% against 2018 indices. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports fell to $X in 2021. In general, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Russia (X units) and Germany (X units) were the main suppliers of air conditioning machine imports to Belarus, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +9.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and China ($X) constituted the largest air conditioning machine suppliers to Belarus, together comprising 62% of total imports. These countries were followed by Turkey, which accounted for a further 8.5%.

Turkey, with a CAGR of +17.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, falling by -34.1% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 104%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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