Belarus: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Belarus

The Belarusian turbo-jet (over X kn) market declined sharply to $X in 2021, reducing by -21% against the previous year. Overall, consumption, however, posted a perceptible expansion. Turbo-jet (over X kn) consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Belarus

In value terms, turbo-jet (over X kn) production dropped to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17% against the previous year. Turbo-jet (over X kn) production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Belarus

After two years of growth, overseas shipments of turbo-jets of a thrust exceeding X kn decreased by -18.2% to X units in 2021. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 700%. Over the period under review, the exports reached the maximum at X units in 2020, and then contracted sharply in the following year.

In value terms, turbo-jet (over X kn) exports soared to $X in 2021. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of 576%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X units), Jordan (X units) and Ukraine (X units) were the main destinations of turbo-jet (over X kn) exports from Belarus, with a combined 44% share of total exports. Moreover, turbo-jet (over X kn) exports in Italy exceeded the figures recorded by the second-largest exporter, Jordan, twofold.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Ireland ($X) and Estonia ($X) were the largest markets for turbo-jet (over X kn) exported from Belarus worldwide, together accounting for 85% of total exports. These countries were followed by Germany, Sudan, Italy, Ukraine, Ethiopia, Russia and Jordan, which together accounted for a further 15%.

Among the main countries of destination, Ethiopia, with a CAGR of +28.2%, 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 more modest paces of growth.

Export Prices by Country

The average turbo-jet (over X kn) export price stood at $X per unit in 2021, picking up by 112% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Belarus

In 2021, overseas purchases of turbo-jets of a thrust exceeding X kn were finally on the rise to reach X units after two years of decline. Over the period under review, imports recorded a resilient expansion. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, turbo-jet (over X kn) imports surged to $X in 2021. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 2,693% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ethiopia (X units) constituted the largest turbo-jet (over X kn) supplier to Belarus, accounting for a 44% share of total imports. Moreover, turbo-jet (over X kn) imports from Ethiopia exceeded the figures recorded by the second-largest supplier, Russia (X units), fourfold. Ukraine (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ethiopia amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (0.0% per year) and Ukraine (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of turbo-jets of a thrust exceeding X kn to Belarus, comprising 91% of total imports. The second position in the ranking was taken by Russia ($X), with a 6.8% share of total imports. It was followed by Ukraine, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+18.9% per year) and Ukraine (-20.2% per year).

Import Prices by Country

In 2021, the average turbo-jet (over X kn) import price amounted to $X per unit, rising by 102% against the previous year. Overall, the import price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1,042%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average 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 the United States ($X per unit), while the price for Ethiopia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+22.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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