Report Update Jan 1, 2025

Belarus - Road Wheels - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Road Wheel Market 2025

Road Wheel Market Size in Belarus

In 2022, the Belarusian road wheel market increased by 28% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Road Wheel Exports

Exports from Belarus

In 2022, exports of road wheels from Belarus rose remarkably to X tons, growing by 13% against 2021 figures. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 109%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, road wheel exports surged to $X in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 208%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for road wheel exports from Belarus, accounting for a 73% share of total exports. Moreover, road wheel exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+6.3% per year) and Germany (+39.7% per year).

In value terms, Russia ($X) remains the key foreign market for road wheels exports from Belarus, comprising 80% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 7% share of total exports. It was followed by Kazakhstan, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+9.6% per year) and Kazakhstan (+8.0% per year).

Export Prices by Country

The average road wheel export price stood at $X per ton in 2022, rising by 30% against the previous year. Over the period under review, the export price saw mild growth. The pace of growth was the most pronounced in 2018 an increase of 47%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Road Wheel Imports

Imports into Belarus

In 2022, approx. X tons of road wheels were imported into Belarus; increasing by 13% against the previous year's figure. In general, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, road wheel imports surged to $X in 2022. Over the period under review, imports saw a modest increase. The most prominent rate of growth was recorded in 2018 when imports increased by 109%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of road wheel imports to Belarus, together comprising 68% of total imports. Poland, Ukraine, Japan, Italy and the UK lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and Italy ($X) appeared to be the largest road wheel suppliers to Belarus, together comprising 66% of total imports.

Italy, with a CAGR of +19.5%, saw the highest rates of growth with regard to the value of imports, among 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 road wheel import price stood at $X per ton in 2022, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for road wheels in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 53% of global consumption.

What are the largest producers of road wheels in the world?

China remains the largest road wheel producing country worldwide, comprising approx. 42% of total volume. Moreover, road wheel production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by the United States, with an 8.9% share.

What are the leading suppliers of road wheels to Belarus?

In value terms, Russia constituted the largest supplier of road wheel to Belarus, comprising 38% of total imports. The second position in the ranking was occupied by China, with a 9.8% share of total imports. It was followed by Italy, with an 8.2% share.

What are the leading importers of road wheels from Belarus?

In value terms, Russia remains the key foreign market for road wheel exports from Belarus, comprising 76% of total exports. The second position in the ranking was occupied by Ukraine, with an 8.9% share of total exports. It was followed by Kazakhstan, with a 3.9% share.

What is the average export price for road wheels in Belarus?

The average road wheel export price stood at $2,914 per ton in 2021, picking up by 11% against the previous year.

What is the average import price for road wheels in Belarus?

The average road wheel import price stood at $2,842 per ton in 2021, waning by -2.3% against the previous year.

This report provides an in-depth analysis of the road wheel market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29323040 - Road wheels and parts and accessories thereof

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024