Belarus: Bearing Market 2025

Bearing Market Size in Belarus

The Belarusian bearing market skyrocketed to $X in 2021, jumping by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Bearing Exports

Exports from Belarus

In 2021, shipments abroad of ball and roller bearings decreased by -23.9% to X tons, falling for the third consecutive year after three years of growth. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 49% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bearing exports rose significantly to $X in 2021. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for bearing exports from Belarus, with a 70% share of total exports. Moreover, bearing exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. Kazakhstan (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-7.3% per year) and Kazakhstan (+4.1% per year).

In value terms, Russia ($X) remains the key foreign market for ball and roller bearings exports from Belarus, comprising 74% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 11% share of total exports. It was followed by Kazakhstan, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-8.5% per year) and Kazakhstan (+3.0% per year).

Export Prices by Country

The average bearing export price stood at $X per ton in 2021, with an increase of 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Belarus

In 2021, supplies from abroad of ball and roller bearings decreased by -13.3% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bearing imports expanded remarkably to $X in 2021. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of bearing to Belarus, accounting for a 54% share of total imports. Moreover, bearing imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. The third position in this ranking was held by China (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-4.7% per year) and China (-4.2% per year).

In value terms, Russia ($X) constituted the largest supplier of ball and roller bearings to Belarus, comprising 54% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 12% share of total imports. It was followed by China, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-5.7% per year) and China (+0.3% per year).

Import Prices by Country

The average bearing import price stood at $X per ton in 2021, with an increase of 24% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2014 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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