Belarus: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Belarus

The Belarusian jacks and hoists market declined dramatically to $X in 2022, shrinking by -26.7% against the previous year. Overall, consumption showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in Belarus

In value terms, jacks and hoists production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 52%. Jacks and hoists production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Jacks And Hoists Exports

Exports from Belarus

Jacks and hoists exports from Belarus soared to X units in 2022, increasing by 25% on the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 168% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports soared to $X in 2022. Overall, exports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 219%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for jacks and hoists exports from Belarus, with a 86% share of total exports. Moreover, jacks and hoists exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. The third position in this ranking was taken by Poland (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+83.3% per year) and Poland (+92.4% per year).

In value terms, Russia ($X) remains the key foreign market for jacks and hoists for raising vehicles exports from Belarus, comprising 86% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 7.3% share of total exports. It was followed by Poland, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+35.5% per year) and Poland (+54.9% per year).

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, shrinking by -2.5% against the previous year. In general, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 59% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-2.6%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into Belarus

In 2022, overseas purchases of jacks and hoists for raising vehicles decreased by -21.7% to X units, falling for the third year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 230%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, jacks and hoists imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 101%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest jacks and hoists supplier to Belarus, accounting for a 75% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-12.3% per year) and Germany (-7.6% per year).

In value terms, China ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Belarus, comprising 48% of total imports. The second position in the ranking was taken by Russia ($X), with a 24% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-5.5% per year) and Germany (-15.0% per year).

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, rising by 3.1% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 60%. The import price peaked at $X per unit in 2013; however, from 2014 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 Russia ($X per unit), while the price for China ($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 (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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