Belarus: Flat Glass Market 2024

Flat Glass Market Size in Belarus

In 2021, the Belarusian flat glass market decreased by -11.4% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption showed a mild decline. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Flat Glass Production in Belarus

In value terms, flat glass production stood at $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.4% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 22% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Flat Glass Exports

Exports from Belarus

Flat glass exports from Belarus contracted slightly to X tons in 2021, waning by -2.3% against 2020. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 47% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat glass exports soared to $X in 2021. Over the period under review, exports, however, saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X tons), Russia (X tons) and Poland (X tons) were the main destinations of flat glass exports from Belarus, with a combined 82% share of total exports. Lithuania and Moldova lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of +54.0%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Russia ($X) and Poland ($X) were the largest markets for flat glass exported from Belarus worldwide, together accounting for 83% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +54.8%, recorded the highest growth rate of 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 flat glass export price amounted to $X per ton, surging by 64% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Poland ($X per ton) and Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Belarus

In 2021, purchases abroad of flat glass decreased by -16% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a mild decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 40%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, flat glass imports soared to $X in 2021. Overall, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 46% against the previous year. 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) was the main supplier of flat glass to Belarus, with a 92% share of total imports. It was followed by Ukraine (X tons), with a 3% share of total imports. The third position in this ranking was taken by Belgium (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-5.8% per year) and Belgium (+14.2% per year).

In value terms, Russia ($X) constituted the largest supplier of flat glass to Belarus, comprising 90% of total imports. The second position in the ranking was taken by Belgium ($X), with a 3.5% share of total imports. It was followed by Ukraine, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.1% per year) and Ukraine (-2.6% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, increasing by 44% against the previous year. In general, the import price, however, saw a slight contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 Poland (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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