Belarus: Binocular Market 2022

Binocular Market Size in Belarus

In 2021, after two years of decline, there was significant growth in the Belarusian binocular market, when its value increased by 120% to $X. Overall, consumption, however, recorded a slight decline. Binocular consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Binocular Production in Belarus

In value terms, binocular production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Binocular Exports

Exports from Belarus

In 2021, exports of binoculars from Belarus reduced remarkably to X units, which is down by -46.2% against the year before. Over the period under review, exports showed a significant decline. The pace of growth was the most pronounced in 2014 with an increase of 80%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, binocular exports soared to $X in 2021. In general, exports showed a abrupt decrease. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for binocular exports from Belarus, with a 72% share of total exports. Moreover, binocular exports to Russia exceeded the volume sent to the second major destination, the United States (X units), tenfold. Ethiopia (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-39.1% per year) and Ethiopia (0.0% per year).

In value terms, Ethiopia ($X) emerged as the key foreign market for binocular exports from Belarus, comprising 66% of total exports. The second position in the ranking was held by Russia ($X), with an 18% share of total exports. It was followed by Slovakia, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-22.3% per year) and Slovakia (-6.2% per year).

Export Prices by Country

The average binocular export price stood at $X per unit in 2021, jumping by 180% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Ukraine ($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 Poland (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Binocular Imports

Imports into Belarus

In 2021, approx. X units of binoculars were imported into Belarus; with an increase of 68% against the previous year's figure. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 188%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, binocular imports soared to $X in 2021. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 96% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of binocular to Belarus, with a 92% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +30.2%.

In value terms, Russia ($X) and China ($X) appeared to be the largest binocular suppliers to Belarus.

Russia, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average binocular import price stood at $X per unit in 2021, picking up by 4.2% against the previous year. In general, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 6.5%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.2%).

Source: IndexBox Market Intelligence Platform

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