Belarus: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Belarus

After two years of growth, the Belarusian industrial sewing machines (non-automatic) market decreased by -67.3% to $X in 2022. Overall, consumption showed a abrupt contraction. Industrial sewing machines (non-automatic) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Belarus

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported from Belarus; waning by -19.7% on 2021 figures. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 693% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) exports soared to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 374%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for industrial sewing machines (non-automatic) exports from Belarus, accounting for a 86% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +35.6%.

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Belarus were Uzbekistan ($X) and Russia ($X).

Among the main countries of destination, Uzbekistan, with a CAGR of +666.5%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, increasing by 46% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 172% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Russia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+3.4%).

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Belarus

Industrial sewing machines (non-automatic) imports into Belarus fell dramatically to X units in 2022, reducing by -48.4% compared with the previous year. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 109%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports dropped dramatically to $X in 2022. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 117% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Belarus, accounting for a 78% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sevenfold. The third position in this ranking was held by Japan (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-17.4% per year) and Japan (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Belarus, comprising 38% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by Russia, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-14.5% per year) and Russia (-11.6% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, increasing by 4.1% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 50%. Over the period under review, average import prices hit record highs at $X per unit 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :