Belarus: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Belarus

The Belarusian chemically modified oils market rose notably to $X in 2022, growing by 6.4% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Chemically Modified Oils Production in Belarus

In value terms, chemically modified oils production expanded notably to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Chemically Modified Oils Exports

Exports from Belarus

In 2022, the amount of animal or vegetable fats and oils chemically modified exported from Belarus was estimated at X tons, flattening at 2021. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 46% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, chemically modified oils exports soared to $X in 2022. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for chemically modified oils exports from Belarus, with a 60% share of total exports. Moreover, chemically modified oils exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was held by Lithuania (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+36.0% per year) and Lithuania (+3.6% per year).

In value terms, Germany ($X) remains the key foreign market for animal or vegetable fats and oils chemically modified exports from Belarus, comprising 59% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Lithuania, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+61.9% per year) and Lithuania (+7.3% per year).

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, with an increase of 62% against the previous year. In general, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Sweden ($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 Russia (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Belarus

In 2022, chemically modified oils imports into Belarus contracted to X tons, waning by -10.2% on the year before. Overall, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 321% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, chemically modified oils imports contracted dramatically to $X in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 202%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X tons), Germany (X tons) and Ukraine (X tons) were the main suppliers of chemically modified oils imports to Belarus, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +2.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest chemically modified oils suppliers to Belarus were Germany ($X), Russia ($X) and Ukraine ($X), with a combined 97% share of total imports.

Among the main suppliers, Germany, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, with a decrease of -5.8% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +29.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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