Belarus: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2024

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Belarus

The Belarusian market for elevators and conveyors other than pneumatic, belt- or bucket-type skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Belarus

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production of hit record highs in 2022 and is expected to retain growth in the near future.

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Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports from Belarus

Exports of elevators and conveyors other than pneumatic, belt- or bucket-type from Belarus skyrocketed to X units in 2022, picking up by X% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type skyrocketed to $X in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for exports of elevators and conveyors other than pneumatic, belt- or bucket-type from Belarus, accounting for a X% share of total exports. Moreover, exports of elevators and conveyors other than pneumatic, belt- or bucket-type to Russia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%.

In value terms, Russia ($X) remains the key foreign market for elevators and conveyors other than pneumatic, belt- or bucket-type exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%.

Export Prices by Country

In 2022, the average export price for elevators and conveyors other than pneumatic, belt- or bucket-type amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports into Belarus

In 2022, approx. X units of elevators and conveyors other than pneumatic, belt- or bucket-type were imported into Belarus; which is down by X% compared with 2021 figures. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type shrank sharply to $X in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of elevators and conveyors other than pneumatic, belt- or bucket-type to Belarus, with a X% share of total imports. Moreover, imports of elevators and conveyors other than pneumatic, belt- or bucket-type from Russia exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was held by China (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and Poland ($X) appeared to be the largest elevators and conveyors other than pneumatic, belt- or bucket-type suppliers to Belarus, with a combined X% share of total imports. The Netherlands, Russia, Italy, Spain, Ukraine, Slovakia and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for elevators and conveyors other than pneumatic, belt- or bucket-type stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for elevators and conveyors other than pneumatic, belt- or bucket-type increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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