Belarus: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Belarus

The Belarusian cranks and crankshafts market declined to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cranks And Crankshafts Production in Belarus

In value terms, cranks and crankshafts production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 33%. Cranks and crankshafts production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cranks And Crankshafts Exports

Exports from Belarus

In 2022, cranks and crankshafts exports from Belarus dropped notably to X tons, declining by -25.6% against the previous year. Overall, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 -31.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 51% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cranks and crankshafts exports fell notably to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 50%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for cranks and crankshafts exports from Belarus, accounting for a 60% share of total exports. Moreover, cranks and crankshafts exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was taken by Ukraine (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+35.7% per year) and Ukraine (+2.4% per year).

In value terms, Russia ($X) remains the key foreign market for cranks and crankshafts exports from Belarus, comprising 53% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+48.3% per year) and Ukraine (+3.2% per year).

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, with an increase of 6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 10%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Pakistan ($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 Germany (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Belarus

Cranks and crankshafts imports into Belarus dropped to X tons in 2022, reducing by -12.9% on 2021. Over the period under review, imports recorded a mild descent. The pace of growth appeared the most rapid in 2017 when imports increased by 90% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cranks and crankshafts imports reduced remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 66%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

China (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of cranks and crankshafts imports to Belarus, together comprising 68% of total imports. Germany, Turkey, Italy, Poland and Kazakhstan lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to Belarus were Russia ($X), Germany ($X) and China ($X), with a combined 63% share of total imports.

In terms of the main suppliers, China, with a CAGR of +9.9%, recorded 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 cranks and crankshafts import price stood at $X per ton in 2022, declining by -5.6% against the previous year. Overall, the import price, however, showed a modest increase. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 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 Ukraine (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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