Belarus: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Belarus

The Belarusian machine-tool for drilling market declined modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Machine-Tool For Drilling Production in Belarus

In value terms, machine-tool for drilling production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 48%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Belarus

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were exported from Belarus; declining by -12.3% on 2021 figures. In general, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 68% against the previous year. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, machine-tool for drilling exports dropped to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for machine-tool for drilling exports from Belarus, with a 97% share of total exports. It was followed by Kazakhstan (X units), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +8.6%.

In value terms, Russia ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Belarus, comprising 91% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at -9.7%.

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, picking up by 1.8% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-14.6%).

Machine-Tool For Drilling Imports

Imports into Belarus

In 2022, purchases abroad of machine-tools for drilling, boring or milling metal decreased by -10.2% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 57% against the previous year. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, machine-tool for drilling imports skyrocketed to $X in 2022. In general, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 66% against the previous year. Over the period under review, imports hit record highs 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 machine-tool for drilling supplier to Belarus, with a 76% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold. The Czech Republic (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+5.3% per year) and the Czech Republic (+13.1% per year).

In value terms, the largest machine-tool for drilling suppliers to Belarus were Russia ($X), the Czech Republic ($X) and China ($X), together comprising 41% of total imports. Poland lagged somewhat behind, comprising a further 10%.

Poland, with a CAGR of +17.7%, recorded the highest rates of growth with regard to 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 machine-tool for drilling import price amounted to $X per unit, rising by 42% against the previous year. In general, the import price, however, faced a abrupt setback. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :