Belarus: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Belarus

In 2022, the Belarusian asphalt or bitumen article market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a perceptible decline. Asphalt or bitumen article consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Asphalt or Bitumen Articles in Belarus

In value terms, asphalt or bitumen article production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 65% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Belarus

In 2022, after three years of growth, there was significant decline in shipments abroad of asphalt or bitumen articles, when their volume decreased by -9.9% to X tons. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 72%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, asphalt or bitumen article exports surged to $X in 2022. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 56%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Ukraine (X tons), Germany (X tons) and Poland (X tons) were the main destinations of asphalt or bitumen article exports from Belarus, together accounting for 69% of total exports. The Czech Republic, Lithuania and Hungary lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +63.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Germany ($X) and Poland ($X) constituted the largest markets for asphalt or bitumen article exported from Belarus worldwide, together comprising 68% of total exports. The Czech Republic, Lithuania and Hungary lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Hungary, with a CAGR of +60.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average asphalt or bitumen article export price amounted to $X per ton, with an increase of 34% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asphalt or bitumen article export price increased by +105.1% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lithuania ($X per ton) and Ukraine ($X per ton), while the average price for exports to Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Belarus

In 2022, supplies from abroad of asphalt or bitumen articles was finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a mild decrease. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, asphalt or bitumen article imports soared to $X in 2022. In general, imports, however, saw a noticeable contraction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the main asphalt or bitumen article supplier to Belarus, accounting for a 97% share of total imports. It was followed by Finland (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-8.6% per year) and Poland (-43.0% per year).

In value terms, Russia ($X) constituted the largest supplier of asphalt or bitumen articles to Belarus, comprising 97% of total imports. The second position in the ranking was held by Finland ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-9.6% per year) and Poland (-44.1% per year).

Import Prices by Country

In 2022, the average asphalt or bitumen article import price amounted to $X per ton, increasing by 2.7% against the previous year. Overall, the import price, however, showed a mild reduction. The growth pace was the most rapid in 2019 an increase of 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Poland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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