Belarus: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Belarus

The Belarusian harvesting machinery market rose sharply to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a noticeable 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 decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Harvesting Machinery Production in Belarus

In value terms, harvesting machinery production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated a notable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Harvesting Machinery Exports

Exports from Belarus

In 2022, overseas shipments of root or tuber harvesting machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, harvesting machinery exports fell to $X in 2022. Over the period under review, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 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 units) was the main destination for harvesting machinery exports from Belarus, accounting for a X% share of total exports. Moreover, harvesting machinery exports to Russia exceeded the volume sent to the second major destination, Mongolia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for root or tuber harvesting machines exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Mongolia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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

Harvesting Machinery Imports

Imports into Belarus

In 2022, the amount of root or tuber harvesting machines imported into Belarus reduced to X units, which is down by X% on 2021. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, harvesting machinery imports reached $X in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Poland (X units) and Ukraine (X units) were the main suppliers of harvesting machinery imports to Belarus, with a combined X% share of total imports. Russia and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Belarus, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, saw a deep downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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