Belarus: Lift And Hoist Market 2024

Lift And Hoist Market Size in Belarus

The Belarusian lift and hoist market soared to $X in 2022, picking up by 551% against the previous year. In general, consumption showed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lift And Hoist Production in Belarus

In value terms, lift and hoist production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 23%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Lift And Hoist Exports

Exports from Belarus

In 2022, shipments abroad of lifts and hoists increased by 5.2% to X units, rising for the third year in a row after three years of decline. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift and hoist exports amounted to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 20%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for lift and hoist exports from Belarus, with a 86% share of total exports. Moreover, lift and hoist exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+4.4% per year) and Ukraine (-4.3% per year).

In value terms, Russia ($X) remains the key foreign market for lifts and hoists exports from Belarus, comprising 87% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 5.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+0.6% per year) and Ukraine (-8.0% per year).

Export Prices by Country

The average lift and hoist export price stood at $X per unit in 2022, with a decrease of -2.6% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($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 (-3.7%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Belarus

In 2022, the amount of lifts and hoists imported into Belarus rose remarkably to X units, surging by 14% on the previous year. In general, imports, however, showed a slight downturn. The pace of growth was the most pronounced in 2020 with an increase of 98% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, lift and hoist imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 188%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia (X units), Germany (X units) and Turkey (X units) were the main suppliers of lift and hoist imports to Belarus, together accounting for 77% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and China ($X) constituted the largest lift and hoist suppliers to Belarus, together accounting for 80% of total imports.

Germany, with a CAGR of +23.5%, saw the highest growth rate of the value of imports, among 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 lift and hoist import price amounted to $X per unit, rising by 17% against the previous year. In general, the import price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Spain ($X per unit), while the price for Italy ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :