Belarus: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Belarus

After three years of decline, the Belarusian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function increased by 5.1% to $X in 2022. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Belarus

Butanal butanal and acyclic aldehydes exports from Belarus contracted rapidly to X kg in 2022, falling by -21.8% compared with 2021 figures. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 852% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanal butanal and acyclic aldehydes exports contracted to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 845%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X kg) was the main destination for butanal butanal and acyclic aldehydes exports from Belarus, with a 78% share of total exports. Moreover, butanal butanal and acyclic aldehydes exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +41.1%.

In value terms, Kazakhstan ($X) and Russia ($X) appeared to be the largest markets for butanal butanal and acyclic aldehydes exported from Belarus worldwide.

Russia, with a CAGR of +54.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, picking up by 20% against the previous year. Overall, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2020 an increase of 81%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-5.0%).

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Belarus

In 2022, purchases abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 61%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, butanal butanal and acyclic aldehydes imports expanded notably to $X in 2022. Overall, imports, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of 58% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of butanal butanal and acyclic aldehydes to Belarus, accounting for a 73% share of total imports. Moreover, butanal butanal and acyclic aldehydes imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-2.0% per year) and China (-2.4% per year).

In value terms, Germany ($X) constituted the largest supplier of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function to Belarus, comprising 65% of total imports. The second position in the ranking was held by Russia ($X), with a 17% share of total imports. It was followed by China, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-7.8% per year) and China (-14.4% per year).

Import Prices by Country

The average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, with an increase of 6.9% against the previous year. Overall, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2013 an increase of 29%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Lithuania ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+26.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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