Belarus: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Belarus

The Belarusian market for equipment for scaffolding, shuttering, propping or pit propping soared to $X in 2021, picking up by 17% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Scaffolding, shuttering, and propping equipment consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Belarus

In value terms, scaffolding, shuttering, and propping equipment production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +51.0% against 2013 indices. The growth pace was the most rapid in 2018 when the production volume increased by 36% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Belarus

In 2021, exports of equipment for scaffolding, shuttering, propping or pit propping from Belarus dropped significantly to X tons, falling by -75.7% compared with 2020 figures. Over the period under review, exports, however, saw a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 651% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports dropped markedly to $X in 2021. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 404% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Belarus, with a 78% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Russia exceeded the volume sent to the second major destination, Italy (X tons), eightfold. Ukraine (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+15.4% per year) and Ukraine (+73.9% per year).

In value terms, Russia ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Belarus, comprising 74% of total exports. The second position in the ranking was held by Italy ($X), with a 9.7% share of total exports. It was followed by Ukraine, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.7% per year) and Ukraine (+60.4% per year).

Export Prices by Country

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, rising by 45% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 45% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and Austria ($X per ton), while the average price for exports to Italy ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Belarus

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were imported into Belarus; increasing by 38% on the year before. Overall, imports, however, saw a mild slump. The pace of growth appeared the most rapid in 2019 with an increase of 56% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by 81% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Belarus, with a combined 96% share of total imports. These countries were followed by Turkey, Italy, Austria and Germany, which together accounted for a further 3.6%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +52.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to Belarus were China ($X), Russia ($X) and Ukraine ($X), together comprising 96% of total imports. These countries were followed by Turkey, Austria, Italy and Germany, which together accounted for a further 3.6%.

In terms of the main suppliers, Turkey, with a CAGR of +41.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, the import price, however, saw a noticeable contraction. The growth pace was the most rapid in 2018 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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