Belarus: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Belarus

The Belarusian metal broaching machine market soared to $X in 2021, jumping by 504% against the previous year. Over the period under review, consumption posted a pronounced increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Metal Broaching Machine Production in Belarus

In value terms, metal broaching machine production plummeted to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 69%. Metal broaching machine production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Metal Broaching Machine Exports

Exports from Belarus

In 2021, exports of broaching machines for working metal from Belarus shrank dramatically to X units, with a decrease of -41.7% compared with the previous year. In general, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 1,100% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports plummeted to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 694%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Uzbekistan (X units) and Ukraine (X units) were the main destinations of metal broaching machine exports from Belarus. Moreover, metal broaching machine exports in Russia exceeded the figures recorded by the second-largest exporter, Uzbekistan, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Ukraine ($X), Russia ($X) and Uzbekistan ($X) constituted the largest markets for metal broaching machine exported from Belarus worldwide.

Among the main countries of destination, Uzbekistan, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2021, waning by -17% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 35%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Uzbekistan ($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 Ukraine (+7.1%).

Metal Broaching Machine Imports

Imports into Belarus

Metal broaching machine imports into Belarus surged to X units in 2021, growing by 543% on the year before. Over the period under review, imports showed a notable expansion. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports soared to $X in 2021. Overall, imports, however, showed a abrupt decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of metal broaching machine to Belarus, accounting for a 57% share of total imports. Moreover, metal broaching machine imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X units), threefold. Poland (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+28.6% per year) and Poland (+13.0% per year).

In value terms, the largest metal broaching machine suppliers to Belarus were Russia ($X), Germany ($X) and Ukraine ($X), with a combined 49% share of total imports.

Ukraine, with a CAGR of +33.3%, 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 more modest paces of growth.

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, which is down by -60.5% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2015 an increase of 67% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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