Belarus: Bearing Market 2024

Bearing Market Size in Belarus

The Belarusian bearing market stood at $X in 2022, growing by X% 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 showed a abrupt setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Bearing Exports

Exports from Belarus

In 2022, overseas shipments of ball or roller bearings decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bearing exports expanded sharply to $X in 2022. In general, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for bearing exports from Belarus, accounting for a X% share of total exports. Moreover, bearing exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. The third position in this ranking was taken by Kazakhstan (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the average bearing export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bearing export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Belarus

In 2022, overseas purchases of ball or roller bearings decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, bearing imports expanded slightly to $X in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest bearing supplier to Belarus, with a X% share of total imports. Moreover, bearing imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Indonesia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average bearing import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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