Report Update Jan 1, 2025

Belarus - Carboxylic Acid With Alcohol, Phenol, Aldehyde or Ketone Functions - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Carboxylic Acid Market 2025

Carboxylic Acid Market Size in Belarus

The Belarusian carboxylic acid market reached $X in 2021, picking up by 6.6% 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 showed a pronounced descent. Carboxylic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Carboxylic Acid Exports

Exports from Belarus

In 2021, exports of carboxylic acid with alcohol, phenol, aldehyde or ketone functions from Belarus shrank modestly to X tons, therefore, remained relatively stable against 2020 figures. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 121%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, carboxylic acid exports shrank rapidly to $X in 2021. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 89%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for carboxylic acid exports from Belarus, with a 86% share of total exports. Moreover, carboxylic acid exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+24.1% per year) and Lithuania (-39.7% per year).

In value terms, Russia ($X) emerged as the key foreign market for carboxylic acid with alcohol, phenol, aldehyde or ketone functions exports from Belarus, comprising 82% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+12.2% per year) and Lithuania (-38.7% per year).

Export Prices by Country

In 2021, the average carboxylic acid export price amounted to $X per ton, declining by -17.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 46% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.7%), while the prices for the other major destinations experienced a decline.

Carboxylic Acid Imports

Imports into Belarus

Carboxylic acid imports into Belarus fell to X tons in 2021, with a decrease of -11% compared with 2020. In general, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2018 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, carboxylic acid imports totaled $X in 2021. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of 85%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of carboxylic acid imports to Belarus, with a combined 64% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Russia ($X) and China ($X) constituted the largest carboxylic acid suppliers to Belarus, together accounting for 51% of total imports.

Russia, with a CAGR of +8.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average carboxylic acid import price amounted to $X per ton, rising by 27% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?

China constituted the country with the largest volume of carboxylic acid consumption, comprising approx. 21% of total volume. Moreover, carboxylic acid consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 10% share.

What are the largest producers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?

The country with the largest volume of carboxylic acid production was China, comprising approx. 39% of total volume. Moreover, carboxylic acid production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. France ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions to Belarus?

In value terms, the largest carboxylic acid suppliers to Belarus were China, Russia and the United States, together accounting for 72% of total imports.

What are the leading importers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions from Belarus?

In value terms, Russia remains the key foreign market for carboxylic acid exports from Belarus, comprising 63% of total exports. The second position in the ranking was occupied by Lithuania, with a 28% share of total exports.

What is the average export price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Belarus?

The average carboxylic acid export price stood at $3,393 per ton in 2020, declining by -8.4% against the previous year.

What is the average import price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Belarus?

The average carboxylic acid import price stood at $3,634 per ton in 2020, declining by -4% against the previous year.

This report provides an in-depth analysis of the carboxylic acid market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024