Belarus: Magnetic Media Market 2025

Magnetic Media Market Size in Belarus

The Belarusian magnetic media market shrank slightly to $X in 2021, with a decrease of -1.8% against the previous year. Overall, consumption, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the market value increased by 4.7% against the previous year. Magnetic media consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Magnetic Media Production in Belarus

In value terms, magnetic media production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 12%. Magnetic media production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Magnetic Media Exports

Exports from Belarus

In 2021, shipments abroad of magnetic media, not recorded, except cards with a magnetic stripe was finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, magnetic media exports surged to $X in 2021. Overall, exports enjoyed a modest increase. The growth pace was the most rapid in 2017 when exports increased by 1,085% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for magnetic media exports from Belarus, with a 91% share of total exports. Moreover, magnetic media exports to Russia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.6% per year) and Belgium (+65.9% per year).

In value terms, the largest markets for magnetic media exported from Belarus were Russia ($X), the United States ($X) and Belgium ($X), together accounting for 94% of total exports.

Belgium, with a CAGR of +64.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, shrinking by -49.8% against the previous year. Overall, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2018 an increase of 414%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($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 the United States (+49.1%), while the prices for the other major destinations experienced mixed trend patterns.

Magnetic Media Imports

Imports into Belarus

In 2021, after two years of decline, there was significant growth in purchases abroad of magnetic media, not recorded, except cards with a magnetic stripe, when their volume increased by 16% to X units. Over the period under review, imports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 299%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, magnetic media imports soared to $X in 2021. Overall, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2018 when imports increased by 282%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of magnetic media to Belarus, accounting for a 40% share of total imports. Moreover, magnetic media imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.0% per year) and Germany (+5.8% per year).

In value terms, the Netherlands ($X), China ($X) and Russia ($X) appeared to be the largest magnetic media suppliers to Belarus, with a combined 64% share of total imports.

China, with a CAGR of +12.7%, saw 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 2021, the average magnetic media import price amounted to $X per unit, increasing by 109% against the previous year. Over the period under review, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+56.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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