Belarus: Shaft Coupling Market 2025

Shaft Coupling Market Size in Belarus

The Belarusian shaft coupling market dropped to $X in 2022, remaining stable 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, however, continues to indicate a pronounced downturn. Shaft coupling consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Shaft Coupling Exports

Exports from Belarus

After seven years of growth, shipments abroad of clutches and shaft couplings decreased by -15.5% to X tons in 2022. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 33% against the previous year. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, shaft coupling exports dropped to $X in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for shaft coupling exports from Belarus, with a 76% share of total exports. Moreover, shaft coupling exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+8.4% per year) and Vietnam (+72.4% per year).

In value terms, Russia ($X) remains the key foreign market for clutches and shaft couplings exports from Belarus, comprising 72% of total exports. The second position in the ranking was held by Ukraine ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+9.2% per year) and Vietnam (+54.8% per year).

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, increasing by 8.3% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2013 an increase of 18%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Ukraine ($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 (+0.8%), while the prices for the other major destinations experienced a decline.

Shaft Coupling Imports

Imports into Belarus

In 2022, imports of clutches and shaft couplings into Belarus was estimated at X tons, almost unchanged from the previous year's figure. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 22% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports reduced remarkably to $X in 2022. In general, imports, however, saw a slight downturn. The pace of growth was the most pronounced in 2017 with an increase of 23%. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shaft coupling to Belarus, with a 47% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+1.9% per year) and Ukraine (+7.5% per year).

In value terms, Russia ($X), Germany ($X) and China ($X) appeared to be the largest shaft coupling suppliers to Belarus, with a combined 67% share of total imports. Ukraine, Italy and Turkey lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Turkey, with a CAGR of +4.4%, saw 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

The average shaft coupling import price stood at $X per ton in 2022, reducing by -19.6% against the previous year. Over the period under review, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.5%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Russia (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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