Belarus: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Belarus

The Belarusian market for industrial, laboratory or bakery ovens reduced modestly to $X in 2022, which is down by -4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. Industrial, laboratory or bakery oven consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Belarus

In 2022, after two years of decline, there was growth in shipments abroad of industrial, laboratory or bakery ovens, when their volume increased by 3.1% to X units. Overall, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.5% 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 -29.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 85%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven exports expanded notably to $X in 2022. Over the period under review, exports recorded notable growth. The most prominent rate of growth was recorded in 2019 when exports increased by 86%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for industrial, laboratory or bakery oven exports from Belarus, accounting for a 98% share of total exports. It was followed by Ukraine (X units), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +2.2%.

In value terms, Russia ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Belarus, comprising 89% of total exports. The second position in the ranking was held by Ukraine ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +5.1%.

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, growing by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2014 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+23.3%).

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Belarus

Industrial, laboratory or bakery oven imports into Belarus contracted to X units in 2022, dropping by -5.3% against 2021. Over the period under review, imports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 197%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports declined to $X in 2022. In general, imports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 85%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial, laboratory or bakery oven to Belarus, accounting for a 64% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. The third position in this ranking was taken by Lithuania (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +52.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+12.3% per year) and Lithuania (-13.9% per year).

In value terms, Russia ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Belarus, comprising 42% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Lithuania, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.2% per year) and Lithuania (-4.1% per year).

Import Prices by Country

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, growing by 5.3% against the previous year. Overall, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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