Belarus: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Belarus

The Belarusian market for lifts, elevators, moving stairways and draglines dropped to $X in 2022, declining by -6.8% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Lifts, Elevators, Moving Stairways and Draglines in Belarus

In value terms, lift, elevator, stairway and dragline production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Belarus

In 2022, the amount of lifts, elevators, moving stairways and draglines exported from Belarus rose modestly to X units, surging by 3.8% compared with the previous year. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 27% 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, elevator, stairway and dragline exports stood at $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 20% against the previous year. 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, elevator, stairway and dragline exports from Belarus, accounting for a 86% share of total exports. Moreover, lift, elevator, stairway and dragline 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 +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+4.2% per year) and Ukraine (-3.9% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+0.5% per year) and Ukraine (-7.9% per year).

Export Prices by Country

In 2022, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, which is down by -2% against the previous year. In general, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of 15%. The export price peaked 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 (-3.6%), while the prices for the other major destinations experienced a decline.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Belarus

In 2022, overseas purchases of lifts, elevators, moving stairways and draglines decreased by -33.6% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 59% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, lift, elevator, stairway and dragline imports declined dramatically to $X in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 144% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of lift, elevator, stairway and dragline to Belarus, with a 41% share of total imports. Moreover, lift, elevator, stairway and dragline imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and China (-2.9% per year).

In value terms, Russia ($X), Germany ($X) and China ($X) appeared to be the largest lift, elevator, stairway and dragline suppliers to Belarus, with a combined 76% share of total imports. Italy, Turkey, Spain, Sweden, Greece and Poland lagged somewhat behind, together comprising a further 20%.

Sweden, with a CAGR of +10.7%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, with a decrease of -31% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 76%. The import price peaked 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 Spain ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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