Belarus: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Belarus

In 2022, the Belarusian motorcycle and bicycle market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Motorcycle And Bicycle Production in Belarus

In value terms, motorcycle and bicycle production shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Motorcycle And Bicycle Exports

Exports from Belarus

After two years of growth, shipments abroad of motorcycles and bicycles decreased by X% to X units in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2021, and then fell notably in the following year.

In value terms, motorcycle and bicycle exports reduced dramatically to $X in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Russia (X units) was the main destination for motorcycle and bicycle exports from Belarus, accounting for a X% share of total exports. It was followed by Kazakhstan (X units), with a X% share of total exports. Uzbekistan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

In value terms, Russia ($X) remains the key foreign market for motorcycles and bicycles exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($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 amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average motorcycle and bicycle export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price showed a deep slump. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, 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 more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Belarus

In 2022, the amount of motorcycles and bicycles imported into Belarus shrank markedly to X units, with a decrease of X% compared with the previous year's figure. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2022. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest motorcycle and bicycle supplier to Belarus, with a X% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Belarus, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average motorcycle and bicycle import price amounted to $X per unit, rising by X% against the previous year. In general, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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