After three years of growth, Belarusian lifting equipment market fell -X% to X dollars in 2021. However, during the period under review, consumption showed moderate growth. During the period under review, the market made an all-time high of $X in 2020 before falling rapidly the following year.
In value terms, hoisting equipment production in 2021 is estimated to have dropped significantly to $X at export prices. Overall, production showed a relatively stable trend pattern. The most significant growth rate occurred in 2015, when production increased by X% over the previous year. During the period under review, production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.
In 2021, Belarusian hoisting equipment exports surged to X units, a year-on-year increase of X%. Overall, exports recorded significant growth. The most significant growth rate occurred in 2013, when exports increased by X%. During the period under review, exports peaked in 2021 and may gradually increase in the short term.
In value terms, hoisting equipment exports contract rapidly to $X in 2021. During the period under review, exports showed strong growth. The growth rate was most pronounced in 2016, with an X% increase over the previous year. As a result, exports peaked at X dollars. From 2017 to 2021, the export growth rate will remain at a low level.
Rusia (X units) is the main destination for Belarusian hoisting equipment exports, accounting for X% of total exports. In addition, the export of lifting equipment to Russia was more than double that to the second largest destination, Kazakhstan (X units). In third place is Ukraine (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of cargo volumes to Russia is +X%. Exports to other major destinations recorded the following average annual export growth rates: Kazakhstan (+X% per annum) and Ukraine (+X% per annum).
In value terms, Russia ($X) remains the main foreign market for Belarusian lifting equipment exports, accounting for X% of total exports. In second place is Ukraine ($X) with X% of total exports. It is followed by Kazakhstan with an X% share.
From 2012 to 2021, the average annual growth rate of value to Russia is +X%. Exports to other major destinations recorded the following average annual export growth rates: Ukraine (+X% per annum) and Kazakhstan (+X% per annum).
In 2021, the number of hoisting equipment imported into Belarus will be significantly reduced to X units, a -X% decrease compared to 2020. But overall, imports continued to increase significantly. The growth rate was most pronounced in 2019, when imports rose by X%. As a result, imports peaked at X units. In 2020-2021, import growth momentum failed to recover.
Lifting equipment imports jumped to $X in 2021 in value terms. But overall, imports showed a relatively stable trend pattern. The growth rate was most pronounced in 2013, when imports increased by X%. As a result, imports peaked at X dollars. Import growth will remain low between 2014 and 2021.
In 2021, China (X units) is the largest supplier of lifting equipment to Belarus, accounting for X% of total imports. In addition, imports of lifting equipment from China exceeded the number recorded by the second largest supplier, Polandia (X units) by more than ten times. Italia (X units) ranks third in total imports with a share of X%.
From 2012 to 2021, the average annual growth rate of Chinese exports is +X%. The average annual growth rates of imports in the remaining suppliers are as follows: Poland (+X% per annum) and Italy (+X% per annum).
By value, the largest lifting equipment suppliers to Belarus are Italy ($X), China ($X) and Poland ($X) with X% of total imports. Among the major suppliers, Poland, with a CAGR of +X%, experienced the highest growth in import value during the period under review, while other leading suppliers experienced more modest growth in purchases.
Italy, China and Poland are the largest suppliers of lifting equipment to Belarus by value, together accounting for 74% of total imports.
In terms of value, Russia remains the main foreign market for Belarusian lifting equipment exports, accounting for 70% of total exports. In second place is Ukraine, which accounts for 25% of total exports. It is followed by Kazakhstan with a share of 4%.
The average export price of hoisting equipment in 2021 is US$497/unit, down -29.2% from the previous year.
The average import price of lifting equipment in 2021 will be US$982 per unit, an increase of 85% over the previous year.
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