Belarus: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Belarus

The Belarusian market for instrument panel and wall clocks declined dramatically to $X in 2020, which is down by -X% against the previous year. In general, consumption recorded a slight shrinkage. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in Belarus

In value terms, instrument panel and wall clock production rose slightly to $X in 2020 estimated in export prices. Overall, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% y-o-y. Instrument panel and wall clock production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Belarus

In 2020, overseas shipments of instrument panel and wall clocks increased by X% to X kg, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, instrument panel and wall clock exports skyrocketed to $X in 2020. Overall, exports, however, continue to indicate a abrupt descent. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Russia (X tons), Germany (X tons) and Latvia (X tons) were the main destinations of instrument panel and wall clock exports from Belarus.

From 2007 to 2020, the biggest increases were in Lithuania (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Latvia ($X) constituted the largest markets for instrument panel and wall clock exported from Belarus worldwide.

Germany (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Belarus

In 2020, approx. X kg of instrument panel and wall clocks were imported into Belarus; therefore, remained relatively stable against the previous year's figure. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at X kg in 2019, and then dropped modestly in the following year.

In value terms, instrument panel and wall clock imports soared to $X in 2020. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) was the main instrument panel and wall clock supplier to Belarus, with a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Turkey (+X% per year).

In value terms, China ($X), Russia ($X) and Turkey ($X) constituted the largest instrument panel and wall clock suppliers to Belarus.

Among the main suppliers, Turkey saw the highest rates of growth with regard to 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 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, surging by X% against the previous year. In general, the import price showed slight growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2016 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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