Belarus: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Belarus

The Belarusian flywheels and pulleys market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a mild contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Flywheels And Pulleys Production in Belarus

In value terms, flywheels and pulleys production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Flywheels and pulleys production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Flywheels And Pulleys Exports

Exports from Belarus

In 2022, shipments abroad of flywheels and pulleys decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, flywheels and pulleys exports reached $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for flywheels and pulleys exports from Belarus, accounting for a X% share of total exports. Moreover, flywheels and pulleys exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold. Lithuania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) remains the key foreign market for flywheels and pulleys exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Lithuania (X% per year).

Export Prices by Country

The average flywheels and pulleys export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated tangible growth 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, flywheels and pulleys export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Belarus

In 2022, purchases abroad of flywheels and pulleys increased by X% to X tons, rising for the seventh consecutive year after two years of decline. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, flywheels and pulleys imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of flywheels and pulleys to Belarus, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of flywheels and pulleys to Belarus.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%.

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox Platform

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