The Belarusian crane market surged to $X in 2020, an increase of X% over the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). During the period under review, consumption recorded strong growth. The most significant growth rate occurred in 2012, when the market capitalization increased by X% year-on-year. During the period under review, the market peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain momentum.
The scale of Belarusian crane exports
In 2020, after two years of decline, overseas shipments of cranes and mobile cranes increased significantly, with shipments increasing by X% to X units. Overall, exports have grown significantly. The growth rate was most pronounced in 2011, with a year-on-year increase of X%. As a result, exports peaked at X units. Export growth failed to regain momentum between 2012 and 2020.
Crane exports surged to $X in 2020 by value. Overall, exports have grown strongly. The most significant growth rate was recorded in 2017, with a year-on-year increase of X%. As a result, exports peaked at X dollars. From 2018 to 2020, the growth rate of exports remained at a low level.
Russia (X units) is the main destination for Belarusian crane exports, accounting for X% of total exports. In addition, the number of cranes exported to Russia exceeded five times that to Ukraine (X units), the second largest destination. Poland (X units) ranks third in total exports with a share of X%.
From 2007 to 2020, the average annual growth rate of exports to Russia totaled +X%. Exports to other major destinations recorded the following average annual export growth rates: Ukraine (+X% per year) and Poland (X% per year).
In terms of value, Russia ($X) became the main foreign market for Belarusian crane exports, accounting for X% of total exports. In second place is Ukraine ($X) with X% of total exports. It is followed by Poland with an X% share.
From 2007 to 2020, the average annual growth rate of value to Russia was -X%. Exports to other major destinations recorded the following average annual export growth rates: Ukraine (+X% per year) and Poland (X% per year).
Import scale of cranes in Belarus
In 2020, Belarusian crane imports surged to X units, an increase of X% over 2019. During the period under review, imports achieved resilient growth. The most significant growth rate occurred in 2013, when imports increased by X% over the previous year. As a result, imports peaked at X units. Import growth remained low between 2014 and 2020.
In 2020 crane imports fell to X dollars in value terms. Overall, imports have grown significantly. The most significant growth rate occurred in 2013, with an X% year-on-year increase. As a result, imports peaked at X dollars. Import growth remained low between 2014 and 2020.
In 2020, China (X units) was the largest crane supplier in Belarus, accounting for X% of total imports. In addition, the number of cranes imported from China exceeded the number recorded by the second largest supplier, Russia (X units). The third place in the ranking is Poland (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales from China is +X%. The average annual growth rates of imports from the remaining suppliers are as follows: Russia (-X% per year) and Poland (+X% per year).
By value, Belarus’ largest crane suppliers are Russia ($X), China ($X), and Finland ($X), which together account for X% of total imports. It was followed by Slovenia, Poland and Italy, which recorded record import value growth rates in terms of key suppliers during the period under review, while other leaders saw a more moderate pace of growth in purchases.
Statistics of various crane suppliers in Belarus
Russia, China and Finland appear to be Belarus’ largest crane suppliers by value, together accounting for 58% of total imports. Slovenia, Poland and Italy are slightly behind, with a combined 22%.
In terms of value, Russia became the main foreign market for Belarusian crane exports, accounting for 38% of total exports. In second place is Ukraine with 18% of total exports. It is followed by Poland with a share of 3.5%.
The average export price of cranes in 2020 was USD 4,163 per unit, down -9.6% from the previous year.
The average price of crane imports in 2020 was US$5,983 per unit, down -54.6% from the previous year.
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