Belarus: Working Wire Machine Market 2024

Working Wire Machine Market Size in Belarus

The Belarusian working wire machine market skyrocketed to $X in 2021, picking up by 40% 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, however, saw a pronounced contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Working Wire Machine Exports

Exports from Belarus

Working wire machine exports from Belarus expanded to X units in 2021, growing by 3.7% against the year before. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 143% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, working wire machine exports soared to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 198%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Russia (X units), Bosnia and Herzegovina (X units) and Ukraine (X units) were the main destinations of working wire machine exports from Belarus, together accounting for 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +43.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for machines for working wire exports from Belarus, comprising 84% of total exports. The second position in the ranking was held by Russia ($X), with a 9.4% share of total exports. It was followed by Poland, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine totaled +175.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+14.9% per year) and Poland (+115.2% per year).

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, rising by 145% against the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Ukraine (+20.1%), while the prices for the other major destinations experienced mixed trend patterns.

Working Wire Machine Imports

Imports into Belarus

In 2021, overseas purchases of machines for working wire were finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 116% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, working wire machine imports expanded modestly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 79% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest working wire machine supplier to Belarus, accounting for a 52% share of total imports. Moreover, working wire machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The third position in this ranking was taken by Russia (X units), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.7% per year) and Russia (+3.2% per year).

In value terms, the largest working wire machine suppliers to Belarus were China ($X), Germany ($X) and Japan ($X), together comprising 71% of total imports. These countries were followed by Italy, Russia, the Czech Republic, Taiwan (Chinese), Poland, Switzerland, Turkey, Croatia, Lithuania and Austria, which together accounted for a further 28%.

Among the main suppliers, Poland, with a CAGR of +39.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, falling by -16.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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