Belarus: Ignition Magneto Market 2025

Ignition Magneto Market Size in Belarus

The Belarusian ignition magneto market totaled $X in 2021, picking up by 1.5% against the previous year. Overall, consumption recorded a slight slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Ignition Magneto Production in Belarus

In value terms, ignition magneto production rose to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 8.5%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Ignition Magneto Exports

Exports from Belarus

In 2021, shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by -25.7% to X units, falling for the third consecutive year after two years of growth. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 36% 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, ignition magneto exports reduced markedly to $X in 2021. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by 24%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for ignition magneto exports from Belarus, with a 58% share of total exports. Moreover, ignition magneto exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), fourfold. Ukraine (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-14.0% per year) and Ukraine (-13.3% per year).

In value terms, Kazakhstan ($X), Ukraine ($X) and Russia ($X) were the largest markets for ignition magneto exported from Belarus worldwide, with a combined 65% share of total exports. These countries were followed by Lithuania, Moldova and Latvia, which together accounted for a further 30%.

Lithuania, with a CAGR of -5.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, growing by 8.8% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 11% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lithuania ($X per unit), while the average price for exports to Russia ($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 Latvia (-0.9%), while the prices for the other major destinations experienced a decline.

Ignition Magneto Imports

Imports into Belarus

In 2021, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were imported into Belarus; stabilizing at the year before. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 175%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, ignition magneto imports rose significantly to $X in 2021. Over the period under review, imports, however, saw a noticeable decrease. The growth pace was the most rapid in 2017 when imports increased by 80% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ignition magneto to Belarus, with a 49% share of total imports. Moreover, ignition magneto imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. The third position in this ranking was held by the Philippines (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+0.1% per year) and the Philippines (+32.1% per year).

In value terms, Russia ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Belarus, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.4% per year) and Germany (-1.0% per year).

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2021, rising by 7.5% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 17%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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