Belarus: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Belarus

In 2021, after two years of growth, there was significant decline in the Belarusian horizontal machining centre market, when its value decreased by -25.8% to $X. Over the period under review, consumption continues to indicate a perceptible reduction. Horizontal machining centre consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Horizontal Machining Centre Production in Belarus

In value terms, horizontal machining centre production declined to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 238%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Horizontal Machining Centre Exports

Exports from Belarus

In 2021, the amount of horizontal machining centres for working metal exported from Belarus soared to X units, with an increase of 213% against 2020 figures. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 250%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, horizontal machining centre exports skyrocketed to $X in 2021. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for horizontal machining centre exports from Belarus, with a 97% share of total exports. It was followed by Bosnia and Herzegovina (X units), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (0.0% per year) and Lithuania (-50.8% per year).

In value terms, Russia ($X) remains the key foreign market for horizontal machining centres for working metal exports from Belarus, comprising 99% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (0.0% per year) and Lithuania (-39.3% per year).

Export Prices by Country

In 2021, the average horizontal machining centre export price amounted to $X per unit, growing by 56% against the previous year. Overall, the export price posted a mild expansion. The most prominent rate of growth was recorded in 2014 an increase of 72%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Lithuania ($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 Lithuania (+23.7%).

Horizontal Machining Centre Imports

Imports into Belarus

Horizontal machining centre imports into Belarus skyrocketed to X units in 2021, increasing by 85% on 2020. In general, imports posted a resilient expansion. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, horizontal machining centre imports soared to $X in 2021. Overall, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 when imports increased by 103% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest horizontal machining centre supplier to Belarus, with a 47% share of total imports. Moreover, horizontal machining centre imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.7% per year) and Taiwan (Chinese) (-1.3% per year).

In value terms, the United States ($X) constituted the largest supplier of horizontal machining centres for working metal to Belarus, comprising 39% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.8% per year) and Japan (-5.8% per year).

Import Prices by Country

The average horizontal machining centre import price stood at $X per unit in 2021, waning by -36.5% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 an increase of 75% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :