Belarus: Tractor Market 2024

Tractor Market Size in Belarus

In 2022, the Belarusian tractor market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tractor Production in Belarus

In value terms, tractor production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Tractor Exports

Exports from Belarus

In 2022, approx. X units of tractors were exported from Belarus; with a decrease of X% compared with the previous year's figure. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tractor exports shrank markedly to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. 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 tractor exports from Belarus, with a X% share of total exports. Moreover, tractor exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), fivefold. Ukraine (X units) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average tractor export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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

Tractor Imports

Imports into Belarus

In 2022, tractor imports into Belarus fell sharply to X units, with a decrease of X% compared with the year before. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, tractor imports contracted significantly to $X in 2022. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of tractor imports to Belarus, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Germany ($X) and Russia ($X) constituted the largest tractor suppliers to Belarus, together comprising X% of total imports. Belgium, France, Sweden, Poland, China, Lithuania and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded 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 2022, the average tractor import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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