Belarus: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Belarus

The Belarusian ball bearing parts market fell to $X in 2022, dropping by X% against the previous year. In general, consumption, however, enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ball Bearing Parts Production in Belarus

In value terms, ball bearing parts production totaled $X in 2022 estimated in export price. In general, production, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

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Ball Bearing Parts Exports

Exports from Belarus

In 2022, ball bearing parts exports from Belarus soared to X tons, growing by X% against the year before. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ball bearing parts exports soared to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 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 tons), Lithuania (X tons) and Ukraine (X tons) were the main destinations of ball bearing parts exports from Belarus, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Russia ($X), Lithuania ($X) and Ukraine ($X) constituted the largest markets for ball bearing parts exported from Belarus worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average ball bearing parts export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Belarus

In 2022, approx. X tons of parts of ball or roller bearings were imported into Belarus; shrinking by X% compared with the year before. In general, imports saw a dramatic descent. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, ball bearing parts imports reduced to $X in 2022. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest ball bearing parts supplier to Belarus, with a X% share of total imports. Moreover, ball bearing parts imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Taiwan (Chinese) (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 Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Russia ($X) constituted the largest supplier of parts of ball or roller bearings to Belarus, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($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: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average ball bearing parts import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price posted a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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