Belarus: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Belarus

In 2021, the Belarusian market for forage harvesters and other harvesting machines decreased by -6.8% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a deep contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Forage Harvesters and Other Harvesting Machines in Belarus

In value terms, production of forage harvesters and other harvesting machines reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2016 when the production volume increased by 42% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Belarus

In 2021, overseas shipments of forage harvesters and other harvesting machines increased by 19% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 52% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by 41%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for exports of forage harvesters and other harvesting machines from Belarus, accounting for a 80% share of total exports. Moreover, exports of forage harvesters and other harvesting machines to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+0.5% per year) and Ukraine (+13.7% per year).

In value terms, Russia ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from Belarus, comprising 78% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+2.4% per year) and Ukraine (+16.3% per year).

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2021, with an increase of 12% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% 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 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Kazakhstan ($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 (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Belarus

In 2021, after two years of growth, there was significant decline in overseas purchases of forage harvesters and other harvesting machines, when their volume decreased by -15% to X units. Over the period under review, imports, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2017 with an increase of 292% against the previous year. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines fell sharply to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 485%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of forage harvesters and other harvesting machines to Belarus, with a 56% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Germany exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold. The third position in this ranking was held by Poland (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-6.7% per year) and Poland (+26.0% per year).

In value terms, Germany ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Belarus, comprising 61% of total imports. The second position in the ranking was held by Poland ($X), with a 9.1% share of total imports. It was followed by Belgium, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+30.1% per year) and Belgium (-9.1% per year).

Import Prices by Country

The average import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, dropping by -2.4% against the previous year. Overall, the import price showed a noticeable descent. The growth pace was the most rapid in 2017 when the average import price increased by 49%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Belgium ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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