Belarus: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Belarus

After four years of growth, the Belarusian numerically controlled drilling machine market decreased by -8% to $X in 2021. Over the period under review, consumption, however, showed a buoyant increase. Numerically controlled drilling machine consumption peaked at $X in 2020, and then dropped in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in Belarus

In value terms, numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 379%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Belarus

In 2021, overseas shipments of numerically controlled drilling machines for working metal decreased by -84.3% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2018 when exports increased by 56%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports declined remarkably to $X in 2021. Overall, exports saw a sharp descent. The pace of growth appeared the most rapid in 2015 when exports increased by 9% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X kg) was the main destination for numerically controlled drilling machine exports from Belarus, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to -41.6%.

In value terms, Russia ($X) also remains the key foreign market for numerically controlled drilling machines for working metal exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Russia stood at -39.4%.

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, declining by -27.4% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, numerically controlled drilling machine export price increased by +30.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 52%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +3.7% per year.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Belarus

In 2021, overseas purchases of numerically controlled drilling machines for working metal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 632%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports surged to $X in 2021. Over the period under review, imports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 786% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of numerically controlled drilling machine imports to Belarus, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +56.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and the United States ($X) constituted the largest numerically controlled drilling machine suppliers to Belarus, with a combined 86% share of total imports.

Among the main suppliers, Poland, with a CAGR of +57.7%, 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

The average numerically controlled drilling machine import price stood at $X per ton in 2021, rising by 35% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, numerically controlled drilling machine import price decreased by -13.0% against 2019 indices. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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