Belarus: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Belarus

In 2022, the Belarusian ride-on compaction equipment market increased by 0.1% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.1% against 2018 indices. Ride-on compaction equipment consumption peaked in 2022 and is expected to retain growth in the immediate term.

Ride-On Compaction Equipment Production in Belarus

In value terms, ride-on compaction equipment production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from Belarus

In 2022, after two years of growth, there was significant decline in overseas shipments of ride-on compaction equipment, when their volume decreased by -39.7% to X units. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 263%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports shrank remarkably to $X in 2022. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 197% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for ride-on compaction equipment exports from Belarus, accounting for a 57% share of total exports. Moreover, ride-on compaction equipment exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), threefold. Azerbaijan (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+13.3% per year) and Azerbaijan (+7.2% per year).

In value terms, Russia ($X), Venezuela ($X) and Ukraine ($X) were the largest markets for ride-on compaction equipment exported from Belarus worldwide, together accounting for 87% of total exports. Azerbaijan, Armenia, Turkmenistan, Moldova, Kazakhstan and Latvia lagged somewhat behind, together accounting for a further 13%.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, with an increase of 11% against the previous year. In general, the export price, however, faced a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Latvia ($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 Venezuela (+9.4%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into Belarus

In 2022, approx. X units of ride-on compaction equipment were imported into Belarus; declining by -25.9% compared with 2021. Over the period under review, imports, however, continue to indicate modest growth. The growth pace was the most rapid in 2021 with an increase of 139% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment imports shrank markedly to $X in 2022. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 101% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest ride-on compaction equipment supplier to Belarus, accounting for a 43% share of total imports. Moreover, ride-on compaction equipment imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +49.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (0.0% per year) and Germany (-10.6% per year).

In value terms, the largest ride-on compaction equipment suppliers to Belarus were Germany ($X), Russia ($X) and Turkey ($X), together accounting for 75% of total imports.

Turkey, with a CAGR of +36.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, surging by 5.6% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 when the average import price increased by 136%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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