Belarus: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Belarus

The Belarusian expansible polystyrene market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from Belarus

After four years of decline, shipments abroad of expansible polystyrene in primary forms increased by 2,552% to X tons in 2021. Over the period under review, exports, however, recorded a abrupt contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, expansible polystyrene exports soared to $X in 2021. Overall, exports, however, saw a deep setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Lithuania (X tons) was the main destination for expansible polystyrene exports from Belarus, accounting for a 93% share of total exports. Moreover, expansible polystyrene exports to Lithuania exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was taken by Russia (X kg), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Lithuania amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-18.5% per year) and Russia (-39.0% per year).

In value terms, Lithuania ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Belarus, comprising 93% of total exports. The second position in the ranking was held by Russia ($X), with a 3.7% share of total exports. It was followed by Poland, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lithuania stood at -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-40.0% per year) and Poland (-31.6% per year).

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, falling by -27.7% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 88%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Poland ($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 Ukraine (+11.7%), while the prices for the other major destinations experienced a decline.

Expansible Polystyrene Imports

Imports into Belarus

After two years of decline, purchases abroad of expansible polystyrene in primary forms increased by 40% to X tons in 2021. Over the period under review, imports, however, continue to indicate a noticeable downturn. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, expansible polystyrene imports surged to $X in 2021. In general, imports, however, saw a perceptible slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of expansible polystyrene to Belarus, with a 55% share of total imports. Moreover, expansible polystyrene imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+21.5% per year) and Taiwan (Chinese) (+50.2% per year).

In value terms, Russia ($X) constituted the largest supplier of expansible polystyrene in primary forms to Belarus, comprising 55% of total imports. The second position in the ranking was held by Ukraine ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+22.6% per year) and the Netherlands (+12.6% per year).

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, increasing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and France ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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