Belarus: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Belarus

The Belarusian market for diesel engines (other than for motor vehicles and aircraft) rose sharply to $X in 2022, picking up by 13% against the previous year. Overall, consumption enjoyed a significant increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Belarus

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced slump. The growth pace was the most rapid in 2016 with an increase of 55%. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Belarus

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from Belarus; falling by -47.9% on 2021. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 78%. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) dropped to $X in 2022. In general, exports showed a pronounced reduction. The growth pace was the most rapid in 2014 with an increase of 29%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Belarus, accounting for a 68% share of total exports. Moreover, exports of diesel engines (other than for motor vehicles and aircraft) to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), fourfold. The third position in this ranking was taken by Ukraine (X units), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+33.9% per year) and Ukraine (-17.9% per year).

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Belarus were Russia ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +47.9%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, with an increase of 73% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Belarus

For the fifth year in a row, Belarus recorded growth in purchases abroad of diesel engines (other than for motor vehicles and aircraft), which increased by 35% to X units in 2022. Overall, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 99% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. In general, imports, however, showed a noticeable setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Belarus, accounting for a 76% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-0.6% per year) and Germany (+2.1% per year).

In value terms, Russia ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Belarus, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and Germany (+10.3% per year).

Import Prices by Country

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, increasing by 25% against the previous year. In general, the import price, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 39%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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