Belarus: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Belarus

In 2021, the Belarusian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -98.5% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption recorded a significant contraction. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped dramatically in the following year.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Belarus

In 2021, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exported from Belarus surged to X units, increasing by 474% compared with 2020. In general, exports recorded a measured increase. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, grease fittings and oil seals exports surged to $X in 2021. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for grease fittings and oil seals exports from Belarus, accounting for a 87% share of total exports. Moreover, grease fittings and oil seals exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+12.7% per year) and Kazakhstan (+36.7% per year).

In value terms, Russia ($X) remains the key foreign market for grease fittings and oil seals exports from Belarus, comprising 89% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+9.7% per year) and Kazakhstan (+46.9% per year).

Export Prices by Country

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, growing by 10% against the previous year. In general, the export price posted a temperate expansion. The most prominent rate of growth was recorded in 2013 an increase of 72% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Kazakhstan ($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 Egypt (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Belarus

In 2021, overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -91.8% to X units, falling for the second consecutive year after two years of growth. In general, imports saw a deep slump. The growth pace was the most rapid in 2018 with an increase of 379% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, grease fittings and oil seals imports shrank markedly to $X in 2021. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2018 with an increase of 402% against the previous year. Imports peaked at $X in 2020, and then reduced notably in the following year.

Imports by Country

Russia (X units), China (X units) and Switzerland (X units) were the main suppliers of grease fittings and oil seals imports to Belarus, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were in Switzerland (with a CAGR of +49.6%), while purchases for the other leaders experienced a decline.

In value terms, Russia ($X) constituted the largest supplier of grease fittings and oil seals to Belarus, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.2% per year) and China (-19.7% per year).

Import Prices by Country

In 2021, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, declining by -6.9% against the previous year. In general, the import price showed a mild downturn. The pace of growth appeared the most rapid in 2016 an increase of 15%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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