Belarus: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Belarus

The Belarusian agricultural product dryer market skyrocketed to $X in 2021, growing by 45% against the previous year. In general, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Agricultural Product Dryer Production in Belarus

In value terms, agricultural product dryer production contracted to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2018 when the production volume increased by 46%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports from Belarus

In 2021, overseas shipments of dryers for the treatment of agricultural products decreased by -6.3% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 316% against the previous year. The exports peaked at X units in 2020, and then shrank in the following year.

In value terms, agricultural product dryer exports amounted to $X in 2021. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 158% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for agricultural product dryer exports from Belarus, with a 93% share of total exports. Moreover, agricultural product dryer exports to Russia exceeded the volume sent to the second major destination, Latvia (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (0.0% per year) and Kazakhstan (+13.0% per year).

In value terms, Russia ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from Belarus, comprising 86% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+1.5% per year) and Latvia (0.0% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, growing by 9.5% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by 52%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Latvia ($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 Russia (-6.1%).

Agricultural Product Dryer Imports

Imports into Belarus

For the third year in a row, Belarus recorded growth in purchases abroad of dryers for the treatment of agricultural products, which increased by 156% to X units in 2021. Over the period under review, imports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 1,167% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural product dryer imports surged to $X in 2021. Overall, imports, however, faced a deep setback. The growth pace was the most rapid in 2017 with an increase of 501%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest agricultural product dryer supplier to Belarus, accounting for a 87% share of total imports. Moreover, agricultural product dryer imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-20.9% per year) and Ukraine (-11.2% per year).

In value terms, the largest agricultural product dryer suppliers to Belarus were Italy ($X), Russia ($X) and Ukraine ($X), together comprising 99% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +18.8%, 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 a decline.

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, falling by -42.8% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 122%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average 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 Italy ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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