Seals; Mechanical Price in Belarus - 2022

Contents:

1. Seals; Mechanical Price in Belarus (CIF) - 2022
2. Seals; Mechanical Price in Belarus (FOB) - 2022
3. Seals; Mechanical Imports in Belarus
4. Seals; Mechanical Exports in Belarus

Seals; Mechanical Price in Belarus (CIF) - 2022

In March 2022, the average seals; mechanical import price amounted to $6.4 per unit, surging by 15% against the previous month. In general, the import price enjoyed a perceptible increase. The pace of growth appeared the most rapid in February 2022 an increase of 122% m-o-m. The import price peaked at $8.7 per unit in June 2021; however, from July 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($40.2 per unit), while the price for Russia ($3.6 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Seals; Mechanical Price in Belarus (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $4.1 per unit, waning by -32.8% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 546%. As a result, the export price attained the peak level of $6.1 per unit, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($23 per unit), while the average price for exports to Russia ($0.6 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 Kazakhstan (+26.0%), while the prices for the other major destinations experienced a decline.

Seals; Mechanical Imports in Belarus

In 2022, after three years of growth, there was significant decline in purchases abroad of seals; mechanicals, when their volume decreased by -8.4% to 1.1M units. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 9.5%. Over the period under review, imports attained the peak figure at 1.2M units in 2021, and then declined in the following year.

In value terms, seals; mechanical imports expanded remarkably to $6.3M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Seals; Mechanical to Belarus in 2022:

1. Russia (408.4K units)
2. China (305.6K units)
3. Germany (117.6K units)
4. Taiwan (Chinese) (80.5K units)
5. South Korea (45.3K units)
6. Italy (29.0K units)

Seals; Mechanical Exports in Belarus

In 2022, approx. 180K units of seals; mechanicals were exported from Belarus; surging by 7.7% on 2021. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 160% against the previous year. As a result, the exports attained the peak of 231K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, seals; mechanical exports shrank rapidly to $732K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 366%. As a result, the exports attained the peak of $1M, and then fell sharply in the following year.

Top Export Markets for Seals; Mechanical from Belarus in 2022:

1. Russia (113.7K units)
2. Ukraine (36.8K units)
3. Kazakhstan (24.4K units)

Source: IndexBox Market Intelligence Platform