Belarus: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Belarus

The Belarusian machine tool for metal market skyrocketed to $X in 2021, rising by 19% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Machine tool for metal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Belarus

In value terms, machine tool for metal production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 9.8% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Belarus

In 2021, approx. X units of machine tools for working metal without removing metal were exported from Belarus; picking up by 775% against 2020. Over the period under review, exports posted mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,600% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tool for metal exports soared to $X in 2021. In general, exports, however, showed a deep slump. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for machine tool for metal exports from Belarus, accounting for a 86% share of total exports. Moreover, machine tool for metal exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+41.4% per year) and the Czech Republic (0.0% per year).

In value terms, the largest markets for machine tool for metal exported from Belarus were Ukraine ($X), Russia ($X) and Latvia ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of +61.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, surging by 182% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-17.4%).

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Belarus

In 2021, imports of machine tools for working metal without removing metal into Belarus soared to X units, growing by 144% against the previous year. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 426% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine tool for metal imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 379% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine tool for metal supplier to Belarus, accounting for a 79% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sevenfold. Ukraine (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +70.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+12.3% per year) and Ukraine (+13.0% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal without removing metal to Belarus, comprising 68% of total imports. The second position in the ranking was held by Ukraine ($X), with a 15% share of total imports. It was followed by Russia, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+26.6% per year) and Russia (-7.3% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, which is down by -44.1% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 405% 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 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ukraine ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+964.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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