Belarus: Magnetic Media Market 2024

Magnetic Media Market Size in Belarus

The Belarusian magnetic media market amounted to $X in 2023, rising by X% against the previous year. Overall, consumption saw a abrupt setback. Magnetic media consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Magnetic Media Production in Belarus

In value terms, magnetic media production amounted to $X in 2023 estimated in export price. Overall, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Magnetic Media Exports

Exports from Belarus

In 2023, the amount of magnetic media, not recorded, except cards with a magnetic stripe exported from Belarus surged to X units, growing by X% compared with 2022. Overall, exports, however, recorded a sharp decrease. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, magnetic media exports skyrocketed to $X in 2023. In general, exports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for magnetic media exports from Belarus, accounting for a X% share of total exports. Moreover, magnetic media exports to Russia exceeded the volume sent to the second major destination, the United States (X units), sevenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Kazakhstan (X% per year).

In value terms, the largest markets for magnetic media exported from Belarus were Russia ($X), the United States ($X) and Kazakhstan ($X), together accounting for X% of total exports.

Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 magnetic media export price stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, saw resilient growth. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2022, and then shrank dramatically in the following year.

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

From 2012 to 2023, 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.

Magnetic Media Imports

Imports into Belarus

In 2023, after two years of growth, there was significant decline in purchases abroad of magnetic media, not recorded, except cards with a magnetic stripe, when their volume decreased by X% to X units. Overall, imports recorded a pronounced setback. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, magnetic media imports declined significantly to $X in 2023. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Poland (X units) constituted the largest supplier of magnetic media to Belarus, with a X% share of total imports. Moreover, magnetic media imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. Russia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Russia (X% per year).

In value terms, Poland ($X), the Netherlands ($X) and China ($X) appeared to be the largest magnetic media suppliers to Belarus, with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average magnetic media import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price showed a slight contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2023, 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 ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform