Belarus: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Belarus

After two years of growth, the Belarusian needle roller bearing market decreased by -11.6% to $X in 2021. In general, consumption saw a noticeable shrinkage. Needle roller bearing consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from Belarus

In 2021, needle roller bearing exports from Belarus reduced rapidly to X tons, which is down by -45% on 2020 figures. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 86% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, needle roller bearing exports declined markedly to $X in 2021. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 28%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for needle roller bearing exports from Belarus, with a 70% share of total exports. Moreover, needle roller bearing exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. The Czech Republic (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-9.9% per year) and the Czech Republic (+34.2% per year).

In value terms, Russia ($X) remains the key foreign market for needle roller bearing exports from Belarus, comprising 90% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 4.3% share of total exports. It was followed by the Czech Republic, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-14.3% per year) and the Czech Republic (+26.5% per year).

Export Prices by Country

In 2021, the average needle roller bearing export price amounted to $X per ton, surging by 27% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, needle roller bearing export price increased by +67.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 42% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.8%), while the prices for the other major destinations experienced a decline.

Needle Roller Bearing Imports

Imports into Belarus

In 2021, after five years of growth, there was significant decline in supplies from abroad of needle roller bearings, when their volume decreased by -23.9% to X tons. Over the period under review, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, needle roller bearing imports fell to $X in 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Slovakia (X tons) were the main suppliers of needle roller bearing imports to Belarus, together comprising 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +25.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest needle roller bearing suppliers to Belarus were Russia ($X), China ($X) and Germany ($X), together comprising 80% of total imports.

In terms of the main suppliers, China, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average needle roller bearing import price stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. The growth pace was the most rapid in 2016 when the average import price increased by 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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