Belarus: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Belarus

In 2022, the Belarusian market for bearing housings incorporating ball or roller bearings increased by 35% to $X, rising for the sixth year in a row after four years of decline. Overall, consumption saw a resilient increase. Bearing housing with ball bearing consumption peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Belarus

Bearing housing with ball bearing exports from Belarus shrank modestly to X tons in 2022, with a decrease of -3.2% on the previous year's figure. Overall, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 113% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing exports rose notably to $X in 2022. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2016 with an increase of 96%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for bearing housing with ball bearing exports from Belarus, with a 92% share of total exports. It was followed by Ukraine (X tons), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-10.0% per year) and Lithuania (+30.5% per year).

In value terms, Russia ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Belarus, comprising 90% of total exports. The second position in the ranking was held by Ukraine ($X), with a 3.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-1.5% per year) and Lithuania (+30.9% per year).

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, surging by 14% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 48% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($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 Ukraine (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Belarus

Bearing housing with ball bearing imports into Belarus skyrocketed to X tons in 2022, increasing by 40% on 2021 figures. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 80%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bearing housing with ball bearing imports expanded rapidly to $X in 2022. Over the period under review, imports posted a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 51% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of bearing housing with ball bearing imports to Belarus, together accounting for 79% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and Germany ($X) were the largest bearing housing with ball bearing suppliers to Belarus, together accounting for 66% of total imports.

Among the main suppliers, Russia, with a CAGR of +21.0%, 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

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, dropping by -21.8% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :