Belarus: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Belarus

In 2021, the Belarusian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 7.8% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption saw a modest expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Belarus

In 2021, shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -21.1% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 99%. The exports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded rapidly to $X in 2021. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 134%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Belarus, accounting for a 92% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+19.4% per year) and Spain (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Belarus, comprising 77% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+21.8% per year) and Spain (0.0% per year).

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, with an increase of 45% against the previous year. In general, the export price, however, showed a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 97%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+2.0%).

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Belarus

After five years of growth, purchases abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -7.8% to X tons in 2021. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 297%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached $X in 2021. Overall, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 40% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of internal combustion engine (excl. diesel, moto vehicle and aircraft) to Belarus, with a 79% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), tenfold. Thailand (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+27.4% per year) and Thailand (-11.9% per year).

In value terms, China ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Belarus, comprising 42% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports. It was followed by Russia, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.0% per year) and Russia (+23.7% per year).

Import Prices by Country

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, growing by 16% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 207% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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