Belarus: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Belarus

The Belarusian conveyor or transmission belt market reduced to $X in 2021, which is down by -13.8% 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 continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Belarus

In 2021, overseas shipments of conveyor or transmission belts or belting decreased by -9.4% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 84% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for conveyor or transmission belt exports from Belarus, accounting for a 85% share of total exports. Moreover, conveyor or transmission belt exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+36.4% per year) and Kazakhstan (-4.6% per year).

In value terms, Russia ($X) remains the key foreign market for conveyor or transmission belts or belting exports from Belarus, comprising 82% of total exports. The second position in the ranking was held by Ukraine ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+21.0% per year) and Kazakhstan (+5.7% per year).

Export Prices by Country

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, increasing by 32% against the previous year. Over the period under review, the export price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2015 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 Kazakhstan ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+10.8%), while the prices for the other major destinations experienced a decline.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Belarus

In 2021, approx. X tons of conveyor or transmission belts or belting were imported into Belarus; shrinking by -31.1% on the previous year's figure. Over the period under review, imports saw a pronounced slump. The growth pace was the most rapid in 2015 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, conveyor or transmission belt imports reached $X in 2021. Overall, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest conveyor or transmission belt supplier to Belarus, accounting for a 74% share of total imports. Moreover, conveyor or transmission belt imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.3% per year) and Italy (+6.4% per year).

In value terms, Russia ($X) constituted the largest supplier of conveyor or transmission belts or belting to Belarus, comprising 52% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.4% share of total imports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.8% per year) and Germany (-5.8% per year).

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, rising by 52% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+27.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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