Belarus: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Belarus

In 2022, the Belarusian tapered roller bearing market increased by 19% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a deep downturn. Belarus consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from Belarus

After two years of decline, overseas shipments of tapered roller bearings increased by 54% to X tons in 2022. Over the period under review, exports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 292%. The Belarus exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tapered roller bearing exports soared to $X in 2022. Overall, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 167% against the previous year. The Belarus exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the largest exporter of tapered roller bearings, creating 29% of total exports. Japan (X tons) held the second position in the ranking, followed by Germany (X tons), Romania (X tons), France (X tons) and Austria (X tons). All these countries together took approx. 37% share of total exports. South Korea (X tons), India (X tons), Poland (X tons), Hungary (X tons), the United States (X tons), Italy (X tons) and Thailand (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +16.4% from 2012 to 2022. At the same time, Thailand (+27.1%), India (+15.2%), Romania (+8.6%), South Korea (+8.6%), Hungary (+4.5%), Poland (+3.0%), Germany (+2.4%) and Italy (+1.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.1% from 2012-2022. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (-3.7%) and the United States (-9.3%) illustrated a downward trend over the same period. China (+20 p.p.), India (+2.9 p.p.), Romania (+2.2 p.p.), South Korea (+1.8 p.p.) and Thailand (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while France, Japan, Austria and the United States saw its share reduced by -2.4%, -4.6%, -4.6% and -6.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, together comprising 39% of total exports. Japan, France, Romania, India, Austria, South Korea, Hungary, Poland, Italy and Thailand lagged somewhat behind, together accounting for a further 47%.

In terms of the main exporting countries, India, with a CAGR of +12.2%, saw the highest rates of growth with regard to 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 export price in Belarus stood at $X per ton in 2022, rising by 3.7% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 151%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the other leaders experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Belarus

After two years of decline, supplies from abroad of tapered roller bearings increased by 10% to X tons in 2022. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 86%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tapered roller bearing imports surged to $X in 2022. Over the period under review, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by 128%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons) and the United States (X tons) represented roughly 26% of total imports in 2022. China (X tons) ranks next in terms of the total imports with a 6.3% share, followed by Brazil (6.3%), France (5.4%) and Mexico (5.1%). Italy (X tons), Russia (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Australia (with a CAGR of +9.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing importing markets into Belarus were Germany ($X), the United States ($X) and China ($X), together comprising 34% of total imports. France, Mexico, Brazil, Italy, Australia, India, Canada, Sweden, Turkey and Russia lagged somewhat behind, together comprising a further 33%.

Turkey, with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Belarus stood at $X per ton in 2022, growing by 18% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tapered roller bearing import price increased by +75.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 49%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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