Belarus: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Belarus

In 2022, the Belarusian internal combustion engine equipment market increased by 64% to $X, rising for the second consecutive year after three years of decline. Overall, consumption enjoyed a measured increase. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Belarus

In 2022, the amount of equipment for internal combustion engines exported from Belarus expanded remarkably to X units, with an increase of 8.5% on the year before. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2019 when exports increased by 64%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, internal combustion engine equipment exports expanded slightly to $X in 2022. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 74% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for internal combustion engine equipment exports from Belarus, with a 93% share of total exports. Moreover, internal combustion engine equipment exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +28.9%.

In value terms, Russia ($X) remains the key foreign market for equipment for internal combustion engines exports from Belarus, comprising 81% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 8.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +10.6%.

Export Prices by Country

The average internal combustion engine equipment export price stood at $X per unit in 2022, dropping by -6.4% against the previous year. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Russia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-13.1%).

Imports of Equipment For Internal Combustion Engines

Imports into Belarus

In 2022, approx. X units of equipment for internal combustion engines were imported into Belarus; with an increase of 71% on the previous year. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, internal combustion engine equipment imports expanded markedly to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Russia (X units) and Slovenia (X units) were the main suppliers of internal combustion engine equipment imports to Belarus, with a combined 74% share of total imports. Turkey, Germany, Italy, the UK, France and Lithuania lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +84.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Slovenia ($X) and Germany ($X) were the largest internal combustion engine equipment suppliers to Belarus, together accounting for 83% of total imports. Italy, China, Turkey, France, the UK and Lithuania lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Turkey, with a CAGR of +41.0%, 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

In 2022, the average internal combustion engine equipment import price amounted to $X per unit, waning by -34% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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