Belarus: Loading Machinery Market 2024

Loading Machinery Market Size in Belarus

The Belarusian loading machinery market contracted to $X in 2022, which is down by -6.9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Loading machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Loading Machinery Production in Belarus

In value terms, loading machinery production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 57% against the previous year. Loading machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Loading Machinery Exports

Exports from Belarus

In 2022, approx. X units of lifting, handling, loading or unloading machinery were exported from Belarus; with a decrease of -16.6% against the previous year. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, the exports attained the peak of X units, and then plummeted in the following year.

In value terms, loading machinery exports fell dramatically to $X in 2022. Overall, exports, however, enjoyed modest growth. The growth pace was the most rapid in 2017 when exports increased by 141% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for loading machinery exports from Belarus, accounting for a 91% share of total exports. Moreover, loading machinery 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 held by Kazakhstan (X units), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+18.1% per year) and Kazakhstan (-4.1% per year).

In value terms, Russia ($X) remains the key foreign market for lifting, handling, loading or unloading machinery exports from Belarus, comprising 79% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 8.1% share of total exports. It was followed by Ukraine, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+0.2% per year) and Ukraine (+14.2% per year).

Export Prices by Country

The average loading machinery export price stood at $X per unit in 2022, declining by -20.6% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 87% 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 remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Russia ($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 Kazakhstan (+4.5%), while the prices for the other major destinations experienced a decline.

Loading Machinery Imports

Imports into Belarus

In 2022, loading machinery imports into Belarus declined remarkably to X units, dropping by -66.7% on 2021. In general, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 when imports increased by 77%. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced rapidly in the following year.

In value terms, loading machinery imports dropped sharply to $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 73%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

France (X units), the United States (X units) and China (X units) were the main suppliers of loading machinery imports to Belarus, with a combined 58% share of total imports. These countries were followed by Russia, Germany, Canada, Sweden, Poland, Finland, Italy, Ukraine, the Netherlands and Lithuania, which together accounted for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and China ($X) appeared to be the largest loading machinery suppliers to Belarus, together comprising 42% of total imports. These countries were followed by France, the United States, Italy, Finland, Sweden, Poland, the Netherlands, Lithuania, Ukraine and Canada, which together accounted for a further 48%.

Finland, with a CAGR of +12.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average loading machinery import price amounted to $X per unit, waning by -17.7% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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