Belarus: Photo Camera Market 2023

Photo Camera Market Size in Belarus

The Belarusian photo camera market declined slightly to $X in 2021, with a decrease of -2.3% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Photo Camera Production in Belarus

In value terms, photo camera production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Photo Camera Exports

Exports from Belarus

In 2021, after two years of growth, there was significant decline in overseas shipments of photographic (other than cinematographic) cameras, when their volume decreased by -53.2% to X kg. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 584%. Over the period under review, the exports attained the peak figure at X kg in 2020, and then dropped markedly in the following year.

In value terms, photo camera exports shrank slightly to $X in 2021. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 21,221% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X kg) was the main destination for photo camera exports from Belarus, with a 65% share of total exports. Moreover, photo camera exports to Russia exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.9% per year) and Poland (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for photo camera exports from Belarus, comprising 77% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+48.3% per year) and Poland (+11.0% per year).

Export Prices by Country

In 2021, the average photo camera export price amounted to $X per ton, increasing by 105% against the previous year. In general, the export price, however, saw a abrupt downturn. The growth pace was the most rapid in 2017 when the average export price increased by 3,019%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.8%).

Photo Camera Imports

Imports into Belarus

For the fifth year in a row, Belarus recorded growth in overseas purchases of photographic (other than cinematographic) cameras, which increased by 93% to X tons in 2021. In general, imports showed a slight expansion. The pace of growth was the most pronounced in 2018 when imports increased by 163% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, photo camera imports soared to $X in 2021. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by 217% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of photo camera to Belarus, with a 84% share of total imports. Moreover, photo camera imports from Russia exceeded the figures recorded by the second-largest supplier, China (X kg), eightfold. Germany (X kg) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +87.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.3% per year) and Germany (-33.5% per year).

In value terms, Russia ($X) constituted the largest supplier of photo camera to Belarus, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 4.9% share of total imports. It was followed by China, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.5% per year) and China (+44.0% per year).

Import Prices by Country

The average photo camera import price stood at $X per ton in 2021, falling by -14.6% against the previous year. Overall, the import price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 458%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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