Belarus: Motor Boat Market 2022

Motor Boat Market Size in Belarus

In 2021, after three years of growth, there was significant decline in the Belarusian motor boat market, when its value decreased by -X% to $X. In general, consumption continues to indicate a abrupt slump. Motor boat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Motor Boat Production in Belarus

In value terms, motor boat production contracted to $X in 2021 estimated in export price. Overall, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Motor Boat Exports

Exports from Belarus

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported from Belarus surged to X units, growing by X% compared with 2020. Overall, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor boat exports reduced remarkably to $X in 2021. In general, exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Russia (X units) was the main destination for motor boat exports from Belarus, with a X% share of total exports. Moreover, motor boat exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume 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 Angola (X% per year).

In value terms, Russia ($X) remains the key foreign market for motor boat exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with an X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Angola (X% per year).

Export Prices by Country

In 2021, the average motor boat export price amounted to $X per unit, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+X%).

Motor Boat Imports

Imports into Belarus

In 2021, approx. X units of motor boats and motor yachts, for pleasure or sports were imported into Belarus; waning by -X% on the previous year. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, motor boat imports soared to $X in 2021. Over the period under review, imports showed a mild downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of motor boat to Belarus, accounting for a X% share of total imports. Moreover, motor boat imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by China (X units), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and China (X% per year).

In value terms, Italy ($X) constituted the largest supplier of motor boat to Belarus, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and the United States (-X% per year).

Import Prices by Country

In 2021, the average motor boat import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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