Belarus: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Belarus

The Belarusian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022, with an increase of 19% against the previous year. Over the period under review, consumption, however, showed a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Belarus

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 26% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Belarus

In 2022, overseas shipments of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -51.2% to X units, falling for the fourth consecutive year after four years of growth. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 42% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped rapidly to $X in 2022. Overall, exports faced a sharp reduction. The growth pace was the most rapid in 2017 when exports increased by 16%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Ukraine (X units) and Pakistan (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Belarus, with a combined 66% share of total exports. Egypt, Kazakhstan, Lithuania and Cuba lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of -2.7%), while shipments for the other leaders experienced a decline.

In value terms, Russia ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Belarus, comprising 50% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 14% share of total exports. It was followed by Kazakhstan, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-21.0% per year) and Kazakhstan (-21.8% per year).

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, with an increase of 9.1% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Pakistan ($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 Pakistan (-3.1%), while the prices for the other major destinations experienced a decline.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Belarus

In 2022, purchases abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -35.4% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 103%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped rapidly to $X in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 119%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Belarus, with a 76% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Russia exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Turkey (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.7% per year) and Turkey (-0.9% per year).

In value terms, Russia ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Belarus, comprising 81% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 5.2% share of total imports. It was followed by Turkey, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-23.0% per year) and Turkey (-7.2% per year).

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, growing by 18% against the previous year. In general, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2020 an increase of 25%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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