Belarus: Disc Harrow Market 2024

Disc Harrow Market Size in Belarus

The Belarusian disc harrow market contracted significantly to $X in 2021, which is down by -24.6% against the previous year. In general, consumption recorded a pronounced decline. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Disc Harrow Production in Belarus

In value terms, disc harrow production dropped slightly to $X in 2021 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 38%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Disc Harrow Exports

Exports from Belarus

In 2021, approx. X units of disc harrows were exported from Belarus; rising by 58% against the previous year. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 188% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, disc harrow exports surged to $X in 2021. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 128%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for disc harrow exports from Belarus, with a 77% share of total exports. Moreover, disc harrow exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), fivefold. The third position in this ranking was held by Lithuania (X units), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+15.1% per year) and Lithuania (+4.4% per year).

In value terms, Russia ($X) remains the key foreign market for disc harrows exports from Belarus, comprising 75% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total exports. It was followed by Lithuania, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+16.5% per year) and Lithuania (+5.7% per year).

Export Prices by Country

In 2021, the average disc harrow export price amounted to $X per unit, increasing by 25% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 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 Cuba ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Disc Harrow Imports

Imports into Belarus

In 2021, imports of disc harrows into Belarus surged to X units, growing by 51% compared with the previous year. Over the period under review, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 265%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, disc harrow imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when imports increased by 348% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ukraine (X units), Germany (X units) and Russia (X units) were the main suppliers of disc harrow imports to Belarus, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +64.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ukraine ($X) and Russia ($X) constituted the largest disc harrow suppliers to Belarus, together comprising 69% of total imports.

Among the main suppliers, Ukraine, with a CAGR of +120.9%, recorded 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

The average disc harrow import price stood at $X per unit in 2021, waning by -8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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