Belarus: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Belarus

In 2021, the Belarusian market for toothed wheels, chain sprockets and other transmission elements was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Toothed wheels, chain sprockets and other transmission elements in Belarus

In value terms, production of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021 estimated in export price. Overall, production, however, saw a slight decline. The pace of growth was the most pronounced in 2017 with an increase of 28%. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth failed to regain momentum.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Belarus

In 2021, shipments abroad of toothed wheels, chain sprockets and other transmission elements increased by 10% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Belarus, accounting for a 62% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Russia exceeded the volume sent to the second major destination, Poland (X tons), threefold. Ukraine (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+55.2% per year) and Ukraine (+26.7% per year).

In value terms, Russia ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Belarus, comprising 70% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 7.6% share of total exports. It was followed by Poland, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+16.5% per year) and Poland (+40.2% per year).

Export Prices by Country

In 2021, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, picking up by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Belarus

In 2021, after five years of growth, there was significant decline in supplies from abroad of toothed wheels, chain sprockets and other transmission elements, when their volume decreased by -5.6% to X tons. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 45% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2020, and then reduced in the following year.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements rose sharply to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.1% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of imports of toothed wheels, chain sprockets and other transmission elements to Belarus, with a combined 83% share of total imports. Germany, Poland, Italy, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Belarus were Germany ($X), China ($X) and Russia ($X), with a combined 70% share of total imports.

In terms of the main suppliers, China, with a CAGR of +21.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, increasing by 14% against the previous year. Overall, the import price, however, recorded a abrupt decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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