Belarus: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Belarus

The Belarusian market for non-electronic instruments for measuring or checking variables of liquids or gases shrank sharply to $X in 2021, with a decrease of -40.9% 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 continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Belarus

In 2021, the amount of non-electronic instruments for measuring or checking variables of liquids or gases exported from Belarus reduced to X units, with a decrease of -3.4% compared with the year before. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 135%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-electronic liquid or gas measurer exports dropped rapidly to $X in 2021. Over the period under review, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 118%. The exports peaked at $X in 2020, and then fell notably in the following year.

Exports by Country

Russia (X units) was the main destination for non-electronic liquid or gas measurer exports from Belarus, accounting for a 84% share of total exports. Moreover, non-electronic liquid or gas measurer exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. Turkey (X units) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+11.9% per year) and Turkey (+121.1% per year).

In value terms, Russia ($X) remains the key foreign market for non-electronic liquid or gas measurer exports from Belarus, comprising 82% of total exports. The second position in the ranking was held by Lithuania ($X), with a 4.8% share of total exports. It was followed by Ukraine, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+24.2% per year) and Ukraine (+8.2% per year).

Export Prices by Country

In 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, which is down by -23.5% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2020 an increase of 108%. As a result, the export price reached the peak level of $X per unit, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Ukraine ($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 Lithuania (+20.2%), while the prices for the other major destinations experienced a decline.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Belarus

In 2021, after two years of growth, there was significant decline in supplies from abroad of non-electronic instruments for measuring or checking variables of liquids or gases, when their volume decreased by -32.3% to X units. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 92% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer imports declined significantly to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 90%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X units), China (X units) and Germany (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Belarus, together comprising 76% of total imports. France, Italy, the UK, the United States, Turkey and Poland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +41.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electronic liquid or gas measurer suppliers to Belarus were Russia ($X), Germany ($X) and China ($X), together comprising 69% of total imports. Italy, the UK, the United States, France, Turkey and Poland lagged somewhat behind, together comprising a further 9.9%.

In terms of the main suppliers, Turkey, with a CAGR of +47.3%, 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 mixed trend patterns.

Import Prices by Country

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 86%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Russia (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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