Belarus: Ignition Magneto Market 2024

Ignition Magneto Market Size in Belarus

The Belarusian ignition magneto market dropped to $X in 2022, declining by X% against the previous year. Overall, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ignition Magneto Production in Belarus

In value terms, ignition magneto production dropped to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Ignition magneto production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Ignition Magneto Exports

Exports from Belarus

In 2022, shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ignition magneto exports contracted slightly to $X in 2022. Over the period under review, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for ignition magneto exports from Belarus, accounting for a X% share of total exports. Moreover, ignition magneto exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), fivefold. Ukraine (X units) 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 stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Ukraine (X% per year).

In value terms, the largest markets for ignition magneto exported from Belarus were Kazakhstan ($X), Russia ($X) and Ukraine ($X), with a combined X% share of total exports. Lithuania and Moldova lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Ignition Magneto Imports

Imports into Belarus

After two years of growth, supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units in 2022. In general, imports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ignition magneto imports dropped rapidly to $X in 2022. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest ignition magneto supplier to Belarus, accounting for a X% share of total imports. Moreover, ignition magneto imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. The third position in this ranking was taken by the Philippines (X units), with a X% share.

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

In value terms, Russia ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Belarus, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average ignition magneto import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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