Belarus: Passenger Car Market 2024

Passenger Car Market Size in Belarus

The Belarusian passenger car market rose to $X in 2021, picking up by 1.7% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Passenger Car Production in Belarus

In value terms, passenger car production reduced slightly to $X in 2021 estimated in export price. Overall, production showed a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 96% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Passenger Car Exports

Exports from Belarus

In 2021, overseas shipments of passenger cars increased by 149% to X units, rising for the third year in a row after two years of decline. Overall, exports posted significant growth. The growth pace was the most rapid in 2014 with an increase of 214%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, passenger car exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by 250% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Russia (X units) was the main destination for passenger car exports from Belarus, with a 92% share of total exports. Moreover, passenger car exports to Russia exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+58.4% per year) and Poland (+44.0% per year).

In value terms, Russia ($X) remains the key foreign market for passenger cars exports from Belarus, comprising 91% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+76.9% per year) and Poland (+25.1% per year).

Export Prices by Country

In 2021, the average passenger car export price amounted to $X per unit, waning by -27.2% against the previous year. Overall, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 93% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 Germany (+11.6%), while the prices for the other major destinations experienced a decline.

Passenger Car Imports

Imports into Belarus

In 2021, supplies from abroad of passenger cars increased by 33% to X units, rising for the third year in a row after two years of decline. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 90%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, passenger car imports soared to $X in 2021. In general, imports showed resilient growth. The growth pace was the most rapid in 2017 when imports increased by 97%. Over the period under review, imports reached the maximum at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of passenger car to Belarus, accounting for a 86% share of total imports. Moreover, passenger car imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. The United States (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.7% per year) and the United States (-11.2% per year).

In value terms, Russia ($X) constituted the largest supplier of passenger cars to Belarus, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.8% share of total imports. It was followed by Germany, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.5% per year) and Germany (-13.9% per year).

Import Prices by Country

In 2021, the average passenger car import price amounted to $X per unit, leveling off at the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 496%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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