Belarus: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Belarus

The Belarusian sewing machine furniture market expanded markedly to $X in 2022, with an increase of 5.8% 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 recorded resilient growth. Sewing machine furniture consumption peaked in 2022 and is expected to retain growth in years to come.

Sewing Machine Furniture Exports

Exports from Belarus

In 2022, overseas shipments of furniture, bases and covers for sewing machines increased by 94% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 242% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, sewing machine furniture exports surged to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 401% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Russia (X tons) was the main destination for sewing machine furniture exports from Belarus, accounting for a 91% share of total exports. Moreover, sewing machine furniture exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. The third position in this ranking was held by Uzbekistan (X kg), with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+50.9% per year) and Uzbekistan (+8.0% per year).

In value terms, Russia ($X) remains the key foreign market for furniture, bases and covers for sewing machines exports from Belarus, comprising 94% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 4.6% share of total exports. It was followed by Uzbekistan, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+44.4% per year) and Uzbekistan (+39.2% per year).

Export Prices by Country

The average sewing machine furniture export price stood at $X per ton in 2022, dropping by -9.5% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 65%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+28.9%), while the prices for the other major destinations experienced mixed trend patterns.

Sewing Machine Furniture Imports

Imports into Belarus

In 2022, the amount of furniture, bases and covers for sewing machines imported into Belarus surged to X tons, picking up by 22% against the previous year. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sewing machine furniture imports stood at $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +37.0% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), China (X tons) and Russia (X tons) were the main suppliers of sewing machine furniture imports to Belarus, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and China ($X) appeared to be the largest sewing machine furniture suppliers to Belarus, with a combined 57% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +11.8%, 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 sewing machine furniture import price amounted to $X per ton, declining by -15.7% against the previous year. Overall, the import price faced a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 9.5% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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