Belarus: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Belarus

The Belarusian adhesive bandage market surged to $X in 2022, rising by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a perceptible shrinkage. Adhesive bandage consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Adhesive Bandage Exports

Exports from Belarus

In 2022, overseas shipments of adhesive bandages were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 578% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, adhesive bandage exports surged to $X in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 209% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for adhesive bandage exports from Belarus, with a 90% share of total exports. Moreover, adhesive bandage exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. The third position in this ranking was held by Slovakia (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+4.5% per year) and Slovakia (-15.2% per year).

In value terms, Russia ($X) remains the key foreign market for adhesive bandages exports from Belarus, comprising 61% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 16% share of total exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-10.3% per year) and Ukraine (+31.0% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, waning by -7% against the previous year. In general, the export price, however, saw a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 257%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Belarus

In 2022, overseas purchases of adhesive bandages were finally on the rise to reach X tons after two years of decline. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 320% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, adhesive bandage imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest adhesive bandage supplier to Belarus, with a 52% share of total imports. Moreover, adhesive bandage imports from the UK exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. China (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-2.0% per year) and China (+8.6% per year).

In value terms, Russia ($X) constituted the largest supplier of adhesive bandages to Belarus, comprising 45% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by Estonia, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.2% per year) and Estonia (+17.7% per year).

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, with a decrease of -7.1% against the previous year. Overall, the import price showed a deep setback. The growth pace was the most rapid in 2018 when the average import price increased by 232% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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