Belarus: Plastic Bottle Market 2024

Plastic Bottle Market Size in Belarus

For the eleventh consecutive year, the Belarusian plastic bottle market recorded growth in sales value, which increased by 470% to $X in 2022. In general, consumption posted a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Plastic Bottle Production in Belarus

In value terms, plastic bottle production soared to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Plastic Bottle Exports

Exports from Belarus

In 2022, approx. X tons of carboys, bottles and similar articles of plastics were exported from Belarus; with a decrease of -23.4% compared with 2021. Over the period under review, exports saw a deep reduction. The smallest decline of -2.5% was in 2021. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastic bottle exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2020 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 9.4%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Russia (X tons) was the main destination for plastic bottle exports from Belarus, accounting for a 96% share of total exports. Moreover, plastic bottle exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2020 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -13.4%.

In value terms, Russia ($X) remains the key foreign market for carboys, bottles and similar articles of plastics exports from Belarus, comprising 94% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 4.5% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of value to Russia totaled +2.4%.

Export Prices by Country

In 2022, the average plastic bottle export price amounted to $X per ton, surging by 24% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +18.1%. 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 country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+22.6%).

Plastic Bottle Imports

Imports into Belarus

Plastic bottle imports into Belarus soared to X tons in 2022, picking up by 38% on 2021 figures. Over the period under review, total imports indicated significant growth from 2020 to 2022: its volume increased at an average annual rate of +27.6% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle imports soared to $X in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the main plastic bottle supplier to Belarus, accounting for a 92% share of total imports. Moreover, plastic bottle imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2020 to 2022, the average annual growth rate of volume from Russia stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+88.0% per year) and China (+15.6% per year).

In value terms, Russia ($X) constituted the largest supplier of carboys, bottles and similar articles of plastics to Belarus, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports.

From 2020 to 2022, the average annual growth rate of value from Russia amounted to +66.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.1% per year) and Ukraine (+82.5% per year).

Import Prices by Country

The average plastic bottle import price stood at $X per ton in 2022, growing by 35% against the previous year. In general, import price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +25.2% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic bottle import price increased by +56.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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