Belarus: Wire And Cable Market 2024

Wire And Cable Market Size in Belarus

In 2022, the Belarusian wire and cable market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption faced a abrupt descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Wire And Cable Production in Belarus

In value terms, wire and cable production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Wire And Cable Exports

Exports from Belarus

In 2022, the amount of insulated wire and cable exported from Belarus surged to X tons, rising by X% against 2021. Over the period under review, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable exports stood at $X in 2022. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for wire and cable exports from Belarus, accounting for a X% share of total exports. It was followed by Russia (X tons), with a X% share of total exports. The Czech Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the Czech Republic (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for insulated wire and cable exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Lithuania ($X per ton), while the average price for exports to the United Arab Emirates ($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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Belarus

In 2022, purchases abroad of insulated wire and cable decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wire and cable imports dropped sharply to $X in 2022. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Azerbaijan (X tons) constituted the largest wire and cable supplier to Belarus, with a X% share of total imports. Moreover, wire and cable imports from Azerbaijan exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Azerbaijan ($X), Russia ($X) and Germany ($X) were the largest wire and cable suppliers to Belarus, with a combined X% share of total imports.

In terms of the main suppliers, Azerbaijan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wire and cable import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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