Belarus: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Belarus

The Belarusian driving and non-driving axle market was estimated at $X in 2021, increasing by 7.9% against the previous year. Over the period under review, consumption, however, showed a perceptible decrease. Driving and non-driving axle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Drive-Axles with Differential and Non-Driving Axles in Belarus

In value terms, driving and non-driving axle production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Belarus

Driving and non-driving axle exports from Belarus rose rapidly to X tons in 2021, with an increase of 7.4% compared with the year before. In general, exports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 30% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports amounted to $X in 2021. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 35% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for driving and non-driving axle exports from Belarus, accounting for a 58% share of total exports. Moreover, driving and non-driving axle exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+12.7% per year) and Kazakhstan (+29.4% per year).

In value terms, Russia ($X) remains the key foreign market for driving and non-driving axle exports from Belarus, comprising 51% of total exports. The second position in the ranking was held by Ukraine ($X), with a 24% share of total exports. It was followed by Kazakhstan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+8.6% per year) and Kazakhstan (+22.9% per year).

Export Prices by Country

In 2021, the average driving and non-driving axle export price amounted to $X per ton, waning by -3.3% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 7.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Bulgaria ($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 Venezuela (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Belarus

In 2021, driving and non-driving axle imports into Belarus rose remarkably to X tons, growing by 9.7% against 2020. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 23%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, driving and non-driving axle imports dropped modestly to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.5% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 29% against the previous year. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

China (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of driving and non-driving axle imports to Belarus, together comprising 73% of total imports. Sweden, Turkey, the UK, Ukraine, Lithuania, Italy, the United States and Spain lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +54.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Russia ($X) were the largest driving and non-driving axle suppliers to Belarus, with a combined 80% share of total imports. Italy, the UK, Ukraine, Turkey, the United States, Lithuania, Spain and Sweden lagged somewhat behind, together accounting for a further 12%.

Turkey, with a CAGR of +40.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average driving and non-driving axle import price stood at $X per ton in 2021, waning by -9.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 13%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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