Belarus: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Belarus

In 2021, the Belarusian double or complex silicates market increased by 25% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded temperate growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Double Or Complex Silicates

Exports from Belarus

Double or complex silicates exports from Belarus declined notably to X tons in 2021, which is down by -33.9% against 2020. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 598%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, double or complex silicates exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 610% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons) was the main destination for double or complex silicates exports from Belarus, accounting for a 78% share of total exports. Moreover, double or complex silicates exports to Ukraine exceeded the volume sent to the second major destination, Russia (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+87.2% per year) and Kazakhstan (-12.6% per year).

In value terms, Russia ($X), Kazakhstan ($X) and Ukraine ($X) were the largest markets for double or complex silicates exported from Belarus worldwide, together comprising 99% of total exports.

Among the main countries of destination, Russia, with a CAGR of +95.1%, recorded the highest rates of growth with regard to 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 2021, the average double or complex silicates export price amounted to $X per ton, jumping by 148% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($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 Kazakhstan (+63.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into Belarus

In 2021, purchases abroad of double or complex silicates increased by 9.4% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 108%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, double or complex silicates imports soared to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 52% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of double or complex silicates to Belarus, accounting for a 26% share of total imports. Moreover, double or complex silicates imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.1% per year) and Germany (-1.4% per year).

In value terms, Russia ($X) constituted the largest supplier of double or complex silicates to Belarus, comprising 32% of total imports. The second position in the ranking was held by Poland ($X), with a 9% share of total imports. It was followed by Sweden, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.0% per year) and Sweden (+23.9% per year).

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, surging by 22% against the previous year. Overall, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 85%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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