Belarus: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Belarus

The Belarusian self-propelled boring machinery market declined remarkably to $X in 2022, waning by -74.7% against the previous year. Over the period under review, consumption showed a precipitous slump. Self-propelled boring machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Production in Belarus

In value terms, self-propelled boring machinery production stood at less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern.

Self-Propelled Boring Machinery Exports

Exports from Belarus

In 2022, after four years of growth, there was significant decline in overseas shipments of self-propelled boring or sinking machinery, when their volume decreased by -12.2% to X units. Over the period under review, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 78%. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, self-propelled boring machinery exports shrank slightly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 429%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Russia (X units) was the main destination for self-propelled boring machinery exports from Belarus, with a 53% share of total exports. Moreover, self-propelled boring machinery exports to Russia exceeded the volume sent to the second major destination, Turkmenistan (X units), twofold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (+14.9% per year) and Germany (-5.4% per year).

In value terms, Turkmenistan ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Belarus, comprising 70% of total exports. The second position in the ranking was held by Russia ($X), with a 26% share of total exports. It was followed by Germany, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkmenistan stood at +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-9.5% per year) and Germany (-15.6% per year).

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, surging by 11% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of 266%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Lithuania ($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 Turkmenistan (+9.9%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Belarus

In 2022, purchases abroad of self-propelled boring or sinking machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 82%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, self-propelled boring machinery imports surged to $X in 2022. In general, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 130% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X units), Poland (X units) and the United States (X units) were the main suppliers of self-propelled boring machinery imports to Belarus, with a combined 52% 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 Poland (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Germany ($X) appeared to be the largest self-propelled boring machinery suppliers to Belarus, with a combined 59% share of total imports. Italy, Romania, the United States, Finland, Latvia, the Netherlands, China, Lithuania, Sweden and France lagged somewhat behind, together accounting for a further 38%.

The Netherlands, with a CAGR of +29.1%, recorded 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

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, rising by 33% against the previous year. Over the period under review, the import price, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 63% 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.

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 ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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