Belarus: Self-Propelled Boring Machinery Market 2022

Self-Propelled Boring Machinery Market Size in Belarus

The Belarusian self-propelled boring machinery market reduced dramatically to $X in 2021, falling by -X% against the previous year. In general, consumption continues to indicate a sharp slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Production in Belarus

In value terms, self-propelled boring machinery production contracted to $X in 2021 estimated in export price. In general, production showed a abrupt decline. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports from Belarus

In 2021, exports of self-propelled boring or sinking machinery from Belarus soared to X units, with an increase of X% compared with the previous year. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Russia (X units) was the main destination for self-propelled boring machinery exports from Belarus, with a X% share of total exports. Moreover, self-propelled boring machinery exports to Russia exceeded the volume sent to the second major destination, Germany (X units), fourfold. Turkmenistan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, 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: Germany (+X% per year) and Turkmenistan (X% per year).

In value terms, Turkmenistan ($X) remains the key foreign market for self-propelled boring machinery exports from Belarus, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkmenistan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2021, the average self-propelled boring machinery export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

Self-Propelled Boring Machinery Imports

Imports into Belarus

In 2021, supplies from abroad of self-propelled boring or sinking machinery decreased by -X% to X units, falling for the second consecutive year after two years of growth. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery imports dropped rapidly to $X in 2021. Over the period under review, imports showed a sharp reduction. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X units), Romania (X units) and Poland (X units) were the main suppliers of self-propelled boring machinery imports to Belarus, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Romania ($X) appeared to be the largest self-propelled boring machinery suppliers to Belarus, together accounting for X% of total imports.

Among the main suppliers, Poland, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average self-propelled boring machinery import price amounted to $X per unit, waning by -X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform