Belarus: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Belarus

In 2022, the Belarusian sugar-manufacturing industrial machinery market decreased by -6.6% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in Belarus

In value terms, sugar-manufacturing industrial machinery production reduced slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Belarus

In 2022, the amount of industrial machinery for the manufacture or preparation of sugar exported from Belarus shrank notably to X units, which is down by -46.8% compared with 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,470%. As a result, the exports attained the peak of X units, and then dropped remarkably in the following year.

In value terms, sugar-manufacturing industrial machinery exports declined significantly to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,347%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Russia (X units) was the main destination for sugar-manufacturing industrial machinery exports from Belarus, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +31.9%.

In value terms, Russia ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Belarus.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +53.0%.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, approximately reflecting the previous year. In general, the export price posted strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 121% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +16.0% per year.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Belarus

After three years of growth, purchases abroad of industrial machinery for the manufacture or preparation of sugar decreased by -37% to X units in 2022. Overall, imports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2019 when imports increased by 3,714%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports shrank rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 3,055%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X units), Italy (X units) and Germany (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Belarus, with a combined 90% share of total imports. Lithuania, Turkey and Poland lagged somewhat behind, together accounting for a further 8.4%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar-manufacturing industrial machinery suppliers to Belarus were Italy ($X), Spain ($X) and Germany ($X), together accounting for 76% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +14.7%, 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

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, increasing by 5.9% against the previous year. In general, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2017 an increase of 55%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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