Belarus: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Belarus

The Belarusian construction equipment blade market contracted remarkably to $X in 2022, which is down by -23.2% against the previous year. Over the period under review, consumption showed a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Construction Equipment Blade Production in Belarus

In value terms, construction equipment blade production fell to $X in 2022 estimated in export price. Overall, production showed a perceptible descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 7% against the previous year. Construction equipment blade production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Construction Equipment Blade Exports

Exports from Belarus

In 2022, construction equipment blade exports from Belarus soared to X units, picking up by 46% compared with 2021. In general, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 80%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, construction equipment blade exports soared to $X in 2022. Over the period under review, exports recorded mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for construction equipment blade exports from Belarus, accounting for a 78% share of total exports. Moreover, construction equipment blade exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), sevenfold. Kazakhstan (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+0.9% per year) and Kazakhstan (+5.7% per year).

In value terms, Russia ($X) remains the key foreign market for blades for construction equipment exports from Belarus, comprising 80% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9.8% share of total exports. It was followed by Kazakhstan, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+0.5% per year) and Kazakhstan (+4.9% per year).

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, with an increase of 27% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Moldova ($X per unit) and Kazakhstan ($X per unit), while the average price for exports to Ukraine ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.6%), while the prices for the other major destinations experienced a decline.

Construction Equipment Blade Imports

Imports into Belarus

In 2022, approx. X units of blades for construction equipment were imported into Belarus; growing by 61% compared with 2021 figures. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 142% against the previous year. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, construction equipment blade imports surged to $X in 2022. Over the period under review, imports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2017 when imports increased by 194% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X units) constituted the largest construction equipment blade supplier to Belarus, accounting for a 60% share of total imports. Moreover, construction equipment blade imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+61.4% per year) and China (-2.5% per year).

In value terms, Poland ($X), Russia ($X) and China ($X) appeared to be the largest construction equipment blade suppliers to Belarus, together accounting for 99.9% of total imports.

Poland, with a CAGR of +96.9%, saw the highest rates of growth with regard to 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

The average construction equipment blade import price stood at $X per unit in 2022, shrinking by -9.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 41%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :