Belarus: Plough Market 2025

Plough Market Size in Belarus

The Belarusian plough market reduced dramatically to $X in 2022, dropping by -50.9% against the previous year. Over the period under review, consumption, however, posted a significant increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Plough Production in Belarus

In value terms, plough production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 7.6%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plough Exports

Exports from Belarus

In 2022, overseas shipments of ploughs for agricultural purposes increased by 2.7% to X units, rising for the second year in a row after four years of decline. In general, exports, however, saw a pronounced decline. The growth pace was the most rapid in 2016 with an increase of 28% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plough exports amounted to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for plough exports from Belarus, with a 82% share of total exports. Moreover, plough exports to Russia exceeded the volume sent to the second major destination, Armenia (X units), sevenfold. Lithuania (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+13.6% per year) and Lithuania (-2.3% per year).

In value terms, Russia ($X) remains the key foreign market for ploughs for agricultural purposes exports from Belarus, comprising 84% of total exports. The second position in the ranking was held by Armenia ($X), with a 9.5% share of total exports. It was followed by Uzbekistan, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+12.4% per year) and Uzbekistan (-8.5% per year).

Export Prices by Country

The average plough export price stood at $X per unit in 2022, increasing by 5.1% against the previous year. Overall, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Uzbekistan ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plough Imports

Imports into Belarus

After two years of growth, supplies from abroad of ploughs for agricultural purposes decreased by -60.4% to X units in 2022. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by 114% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, plough imports fell remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 330% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), Germany (X units) and Poland (X units) were the main suppliers of plough imports to Belarus, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +19.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of ploughs for agricultural purposes to Belarus, comprising 39% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.7% per year) and France (-16.0% per year).

Import Prices by Country

The average plough import price stood at $X per unit in 2022, falling by -11% against the previous year. In general, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2017 an increase of 101% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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