Belarus: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Belarus

In 2021, after five years of growth, there was decline in the Belarusian fuel or lubricating pump market, when its value decreased by -4.5% to $X. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +107.7% against 2015 indices. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Belarus

In value terms, fuel or lubricating pump production fell rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 493% against the previous year. Fuel or lubricating pump production peaked at $X in 2020, and then contracted rapidly in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Belarus

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported from Belarus; rising by 14% compared with the year before. Overall, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 24%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports surged to $X in 2021. Over the period under review, exports showed a perceptible increase. The growth pace was the most rapid in 2019 with an increase of 68%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X units) was the main destination for fuel or lubricating pump exports from Belarus, accounting for a 69% share of total exports. Moreover, fuel or lubricating pump exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), fivefold. Kazakhstan (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-3.3% per year) and Kazakhstan (-5.7% per year).

In value terms, Russia ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Belarus, comprising 68% of total exports. The second position in the ranking was held by Ukraine ($X), with a 12% share of total exports. It was followed by Lithuania, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+6.0% per year) and Lithuania (+18.7% per year).

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, with an increase of 24% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 36% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Lithuania ($X per unit), while the average price for exports to Ukraine ($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 (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Belarus

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were imported into Belarus; increasing by 3.6% on 2020 figures. In general, imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 128%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 64% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of fuel or lubricating pump imports to Belarus, with a combined 73% share of total imports. These countries were followed by Russia, Germany, Spain, Lebanon, Turkey and the UK, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fuel or lubricating pump suppliers to Belarus were Russia ($X), the Czech Republic ($X) and China ($X), together accounting for 70% of total imports. These countries were followed by Germany, Spain, Italy, the UK, Turkey and Lebanon, which together accounted for a further 17%.

In terms of the main suppliers, Lebanon, with a CAGR of +20.6%, saw the highest growth rate of 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 2021, the average fuel or lubricating pump import price amounted to $X per unit, with an increase of 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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