Belarus: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Belarus

The Belarusian ferro-cerium and pyrophoric alloys market soared to $X in 2021, with an increase of 66% 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 posted a prominent expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Belarus

In 2021, ferro-cerium and pyrophoric alloys exports from Belarus skyrocketed to X kg, rising by 32% on 2020 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 490% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. Overall, exports saw a significant increase. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg), Latvia (X kg) and Russia (X kg) were the main destinations of ferro-cerium and pyrophoric alloys exports from Belarus.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Belarus, comprising 99% of total exports. The second position in the ranking was taken by Russia ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-26.1% per year) and Latvia (0.0% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, surging by 203% against the previous year. Over the period under review, the export price enjoyed a perceptible expansion. 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 export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Latvia ($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 Russia (-8.9%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Belarus

In 2021, the amount of ferro-cerium and pyrophoric alloys imported into Belarus surged to X tons, jumping by 69% against the year before. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 198%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2021. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 128%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Belarus, accounting for a 77% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was held by Lithuania (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.2% per year) and Lithuania (+17.0% per year).

In value terms, Russia ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Belarus, comprising 68% of total imports. The second position in the ranking was held by Poland ($X), with a 6.8% share of total imports. It was followed by Lithuania, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.0% per year) and Lithuania (+2.2% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, declining by -3.1% against the previous year. Overall, the import price showed a abrupt setback. The growth pace was the most rapid in 2018 when the average import price increased by 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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