Belarus: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Belarus

The Belarusian machine-tool for working wood market dropped rapidly to $X in 2021, which is down by -47.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Belarus

Machine-tool for working wood exports from Belarus soared to X tons in 2021, surging by 29% compared with 2020. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood exports surged to $X in 2021. Overall, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.4% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for machine-tool for working wood exports from Belarus, accounting for a 76% share of total exports. Moreover, machine-tool for working wood exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), tenfold. The third position in this ranking was held by Poland (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+0.7% per year) and Poland (+41.6% per year).

In value terms, Russia ($X) remains the key foreign market for machine-tools for working wood exports from Belarus, comprising 72% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9% share of total exports. It was followed by Poland, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+3.0% per year) and Poland (+46.1% per year).

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, rising by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Kazakhstan ($X per ton) and Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Belarus

In 2021, supplies from abroad of machine-tools for working wood decreased by -23.5% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working wood imports dropped significantly to $X in 2021. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 131%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of machine-tool for working wood imports to Belarus, together comprising 53% of total imports. China, Italy, Sweden, Japan, Lithuania and Switzerland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +110.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) appeared to be the largest machine-tool for working wood suppliers to Belarus, with a combined 60% share of total imports. Russia, Sweden, China, Japan, Lithuania and Switzerland lagged somewhat behind, together comprising a further 29%.

Japan, with a CAGR of +106.6%, recorded the highest rates of growth with regard to 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

The average machine-tool for working wood import price stood at $X per ton in 2021, increasing by 2.2% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for working wood import price increased by +31.3% against 2017 indices. The growth pace was the most rapid in 2013 when the average import price increased by 83%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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