Belarus: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Belarus

The Belarusian high-tenacity filament polyester yarn market skyrocketed to $X in 2021, jumping by 25% against the previous year. Over the period under review, consumption, however, recorded a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Polyesters in Belarus

In value terms, high-tenacity filament polyester yarn production rose notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. High-tenacity filament polyester yarn production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Belarus

For the third year in a row, Belarus recorded decline in overseas shipments of high-tenacity filament yarn of polyesters, which decreased by -5.8% to X tons in 2021. Over the period under review, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 when exports increased by 7.6% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. In general, exports saw a pronounced decrease. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for high-tenacity filament polyester yarn exports from Belarus, with a 60% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.0% per year) and Italy (+11.9% per year).

In value terms, Russia ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Belarus, comprising 63% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.3% per year) and Italy (+9.6% per year).

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, surging by 32% against the previous year. Overall, the export price, however, showed a noticeable downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Russia ($X per ton) and Serbia ($X per ton), while the average price for exports to Germany ($X per ton) and Italy ($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 Serbia (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Belarus

In 2021, purchases abroad of high-tenacity filament yarn of polyesters decreased by -31.4% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 301%. Over the period under review, imports hit record highs at X tons in 2020, and then reduced remarkably in the following year.

In value terms, high-tenacity filament polyester yarn imports shrank significantly to $X in 2021. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 257%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of high-tenacity filament polyester yarn to Belarus, with a 90% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+57.1% per year) and Poland (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Belarus, comprising 88% of total imports. The second position in the ranking was taken by Russia ($X), with a 9.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+37.9% per year) and Poland (-10.2% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, picking up by 6.6% against the previous year. Overall, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for China ($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 (-8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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