Belarus: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Belarus

The Belarusian non-electric pulley tackle market shrank rapidly to $X in 2022, which is down by -25.3% 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). Over the period under review, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Belarus

In 2022, overseas shipments of pulley tackle and hoists, non-powered by electric motor decreased by -59% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 243% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle exports contracted rapidly to $X in 2022. In general, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 306% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for non-electric pulley tackle exports from Belarus, with a 60% share of total exports. Moreover, non-electric pulley tackle exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-0.4% per year) and Moldova (+79.6% per year).

In value terms, Russia ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Belarus, comprising 61% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+0.6% per year) and Moldova (+57.2% per year).

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, surging by 30% against the previous year. Overall, the export price, however, showed a perceptible contraction. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Moldova ($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 Ukraine (+1.0%), while the prices for the other major destinations experienced a decline.

Non-Electric Pulley Tackle Imports

Imports into Belarus

Non-electric pulley tackle imports into Belarus contracted notably to X units in 2022, falling by -47.8% on 2021 figures. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 159%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric pulley tackle imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-electric pulley tackle supplier to Belarus, accounting for a 75% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fourfold. Switzerland (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+20.3% per year) and Switzerland (+50.1% per year).

In value terms, Russia ($X), China ($X) and Switzerland ($X) constituted the largest non-electric pulley tackle suppliers to Belarus, with a combined 72% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +47.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, with an increase of 39% against the previous year. Overall, the import price, however, saw a deep setback. The pace of growth was the most pronounced in 2018 an increase of 165% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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