Belarus: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Belarus

The Belarusian market for electro-thermic appliances or domestic purposes skyrocketed to $X in 2021, increasing by 42% 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). Over the period under review, consumption continues to indicate a resilient increase. Electro-thermic appliances or domestic purposes consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Belarus

In 2021, overseas shipments of electro-thermic appliances or domestic purposes increased by 64% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 132%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports surged to $X in 2021. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 80% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Belarus, with a 88% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+17.1% per year) and Armenia (+122.8% per year).

In value terms, Russia ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from Belarus, comprising 86% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+28.9% per year) and Armenia (+101.3% per year).

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, with a decrease of -5.2% against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 50% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Armenia ($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 Ukraine (+10.0%), while the prices for the other major destinations experienced a decline.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Belarus

In 2021, electro-thermic appliances or domestic purposes imports into Belarus surged to X units, rising by 47% against 2020. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 78% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 145%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Belarus, accounting for a 85% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +26.0%.

In value terms, the largest electro-thermic appliances or domestic purposes suppliers to Belarus were Russia ($X) and China ($X).

Russia, with a CAGR of +7.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, with a decrease of -9.5% against the previous year. In general, the import price faced a deep reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 60%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.4%).

Source: IndexBox Platform

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