Belarus: Machinery For Packing Market 2024

Machinery For Packing Market Size in Belarus

The Belarusian machinery for packing market fell remarkably to $X in 2022, with a decrease of -84.5% 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). Overall, consumption faced a abrupt descent. Machinery for packing consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Exports

Exports from Belarus

After four years of growth, overseas shipments of machinery for packing or wrapping decreased by -37.2% to X units in 2022. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 76% against the previous year. The exports peaked at X units in 2021, and then dropped markedly in the following year.

In value terms, machinery for packing exports fell significantly to $X in 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 148%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Russia (X units) was the main destination for machinery for packing exports from Belarus, with a 79% share of total exports. Moreover, machinery for packing exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X units), sevenfold. Ukraine (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+130.6% per year) and Ukraine (+21.1% per year).

In value terms, Russia ($X) remains the key foreign market for machinery for packing or wrapping exports from Belarus, comprising 80% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 9.4% share of total exports. It was followed by Ukraine, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+85.2% per year) and Ukraine (+19.3% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, which is down by -4.2% against the previous year. In general, the export price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 74%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Uzbekistan ($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 Russia (-0.8%), while the prices for the other major destinations experienced a decline.

Machinery For Packing Imports

Imports into Belarus

In 2022, machinery for packing imports into Belarus declined rapidly to X units, which is down by -68.4% against the year before. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 77% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports declined dramatically to $X in 2022. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 82% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Russia (X units) were the main suppliers of machinery for packing imports to Belarus, with a combined 51% share of total imports. Italy, the Netherlands, Turkey, the Czech Republic, Poland, Sweden, San Marino, France, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for packing or wrapping to Belarus, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Russia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.0% per year) and Russia (-3.1% per year).

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, waning by -3.5% against the previous year. In general, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for Taiwan (Chinese) ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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