Belarus: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Belarus

The Belarusian prefabricated buildings market fell slightly to $X in 2022, reducing by -3.8% against the previous year. Overall, consumption, however, enjoyed strong growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Prefabricated Buildings Production in Belarus

In value terms, prefabricated buildings production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 54%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Prefabricated Buildings Exports

Exports from Belarus

In 2022, overseas shipments of prefabricated buildings increased by 31% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 93% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, prefabricated buildings exports soared to $X in 2022. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 153% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X units), Germany (X units) and Lithuania (X units) were the main destinations of prefabricated buildings exports from Belarus, together comprising 49% of total exports. The Czech Republic, Poland, France, Spain, Latvia and Italy lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +83.4%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Lithuania ($X) were the largest markets for prefabricated buildings exported from Belarus worldwide, together comprising 53% of total exports. Poland, the Czech Republic, Latvia, France, Spain and Italy lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Latvia, with a CAGR of +99.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prefabricated buildings export price stood at $X per unit in 2022, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2013 when the average export price increased by 31%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Poland (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Belarus

In 2022, supplies from abroad of prefabricated buildings increased by 135% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings imports surged to $X in 2022. In general, imports saw a measured increase. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of prefabricated buildings to Belarus, with a 63% share of total imports. Moreover, prefabricated buildings imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was held by China (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+18.4% per year) and China (+12.1% per year).

In value terms, Russia ($X) constituted the largest supplier of prefabricated buildings to Belarus, comprising 55% of total imports. The second position in the ranking was held by Poland ($X), with a 26% share of total imports. It was followed by China, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.6% per year) and China (+13.8% per year).

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2022, waning by -6.2% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2015 an increase of 23%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per unit) and China ($X per unit), while the price for Russia ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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