Belarus: Extruded Rod Market 2024

Extruded Rod Market Size in Belarus

In 2021, the Belarusian extruded rod market increased by 10% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Extruded Rod Production in Belarus

In value terms, extruded rod production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Extruded Rod Exports

Exports from Belarus

Extruded rod exports from Belarus fell to X tons in 2021, reducing by -12% compared with the year before. Over the period under review, exports showed a sharp setback. The pace of growth appeared the most rapid in 2018 when exports increased by 57% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, extruded rod exports stood at $X in 2021. In general, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for extruded rod exports from Belarus, accounting for a 89% share of total exports. Moreover, extruded rod exports to Russia exceeded the volume sent to the second major destination, Ukraine (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-45.1% per year) and Hungary (+43.5% per year).

In value terms, Russia ($X) remains the key foreign market for extruded rods and profile shapes of cellular vulcanised rubber exports from Belarus, comprising 63% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-34.9% per year) and Hungary (+38.3% per year).

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, growing by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2019 an increase of 39%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($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 (+18.7%), while the prices for the other major destinations experienced a decline.

Extruded Rod Imports

Imports into Belarus

In 2021, extruded rod imports into Belarus skyrocketed to X tons, increasing by 50% on the previous year's figure. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 138% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, extruded rod imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 77%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of extruded rod to Belarus, accounting for a 90% share of total imports. Moreover, extruded rod imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.8% per year) and Poland (-27.8% per year).

In value terms, Russia ($X) constituted the largest supplier of extruded rods and profile shapes of cellular vulcanised rubber to Belarus, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.2% per year) and Poland (-20.0% per year).

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, falling by -18.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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