Belarus - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBearing Price in Belarus - 2022
Contents:
- Bearing Price in Belarus (CIF) - 2022
- Bearing Price in Belarus (FOB) - 2022
- Bearing Imports in Belarus
- Bearing Exports in Belarus
Bearing Price in Belarus (CIF) - 2022
The average bearing import price stood at $7,264 per ton in March 2022, with a decrease of -15.4% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2021 an increase of 9.6% m-o-m. Over the period under review, average import prices attained the maximum at $9,285 per ton in October 2021; however, from November 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 Ukraine ($27,083 per ton), while the price for Latvia ($4,459 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Belarus (FOB) - 2022
In March 2022, the average bearing export price amounted to $8,522 per ton, growing by 5.1% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in October 2021 an increase of 18% month-to-month. Over the period under review, the average export prices attained the peak figure at $9,930 per ton in January 2022; however, from February 2022 to March 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($39,683 per ton), while the average price for exports to Ukraine ($4,929 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Belarus
For the third year in a row, Belarus recorded decline in purchases abroad of ball or roller bearings, which decreased by -9.1% to 8.8K tons in 2022. Overall, imports recorded a deep downturn.
In value terms, bearing imports reached $81M in 2022. In general, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 7.6% against the previous year.
| Import of Bearing in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 52.0 | 38.1 | 40.5 | 41.4 | -7.3% |
| Ukraine | 12.5 | 7.5 | 9.2 | 8.1 | -13.5% |
| China | 3.7 | 4.1 | 5.3 | 5.1 | 11.3% |
| Indonesia | 3.9 | 4.6 | 3.3 | 4.2 | 2.5% |
| Latvia | 0.8 | 1.8 | 2.5 | 2.7 | 50.0% |
| Spain | 1.7 | 1.8 | 2.3 | 2.5 | 13.7% |
| Malaysia | 0.8 | 1.1 | 1.6 | 1.6 | 26.0% |
| Others | 15.9 | 14.6 | 14.3 | 15.2 | -1.5% |
| Total | 91.4 | 73.5 | 79.1 | 80.9 | -4.0% |
Top Suppliers of Bearing to Belarus in 2022:
- Russia (4.3K tons)
- Ukraine (1.3K tons)
- Indonesia (1.1K tons)
- China (0.6K tons)
- Latvia (0.4K tons)
- Malaysia (0.3K tons)
- Spain (0.2K tons)
Bearing Exports in Belarus
For the third consecutive year, Belarus recorded decline in shipments abroad of ball or roller bearings, which decreased by -14.4% to 4K tons in 2022. Over the period under review, exports faced a abrupt descent. The smallest decline of -13.3% was in 2021.
In value terms, bearing exports expanded notably to $38M in 2022. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 7% against the previous year.
| Export of Bearing in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 32.2 | 24.8 | 26.2 | 27.3 | -5.4% |
| Ukraine | 3.6 | 3.4 | 4.0 | 4.4 | 6.9% |
| Kazakhstan | 1.2 | 1.3 | 1.2 | 1.4 | 5.3% |
| India | 0.8 | 0.6 | 0.7 | 0.7 | -4.4% |
| United Arab Emirates | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Vietnam | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Egypt | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Others | 2.0 | 2.0 | 2.3 | 2.9 | 13.2% |
| Total | 40.9 | 33.3 | 35.6 | 38.1 | -2.3% |
Top Export Markets for Bearing from Belarus in 2022:
- Russia (2771.7 tons)
- Ukraine (492.3 tons)
- Kazakhstan (175.5 tons)
- India (119.7 tons)
- United Arab Emirates (92.3 tons)
- Vietnam (71.1 tons)
- Egypt (64.9 tons)
This report provides an in-depth analysis of the bearing market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Belarus
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belarus
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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