Belarus: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Belarus

The Belarusian market for parts of harvester and threshers dropped to $X in 2021, shrinking by -3.4% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Parts Of Harvester And Threshers in Belarus

In value terms, parts of harvester and threshers production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of 13%. Parts of harvester and threshers production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports from Belarus

In 2021, approx. X units of parts of harvester and threshers were exported from Belarus; growing by 2.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 24% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports totaled $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +4.0% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 48%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for parts of harvester and threshers exports from Belarus, accounting for a 82% share of total exports. Moreover, parts of harvester and threshers exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), more than tenfold. The third position in this ranking was held by Lithuania (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+2.3% per year) and Lithuania (+3.4% per year).

In value terms, Russia ($X) remains the key foreign market for parts of harvester and threshers exports from Belarus, comprising 81% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 4.7% share of total exports. It was followed by Ukraine, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-4.1% per year) and Ukraine (+0.6% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, with an increase of 5.1% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of 22%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Lithuania ($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 (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Harvester And Threshers

Imports into Belarus

In 2021, purchases abroad of parts of harvester and threshers increased by 6.1% to X units, rising for the sixth year in a row after two years of decline. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, parts of harvester and threshers imports reached $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), Poland (X units) and Germany (X units) were the main suppliers of parts of harvester and threshers imports to Belarus, with a combined 53% share of total imports. These countries were followed by Ukraine, China, Kyrgyzstan, Lithuania, France, Turkey and Hungary, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kyrgyzstan (with a CAGR of +91.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Poland ($X) appeared to be the largest parts of harvester and threshers suppliers to Belarus, together accounting for 55% of total imports. These countries were followed by Kyrgyzstan, France, Lithuania, Ukraine, China, Hungary and Turkey, which together accounted for a further 33%.

Kyrgyzstan, with a CAGR of +98.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, growing by 6.8% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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