Belarus: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Belarus

The Belarusian market for lauric acid and other acids, their salts and esters soared to $X in 2021, picking up by 81% 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 recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Belarus

In 2021, shipments abroad of lauric acid and other acids, their salts and esters increased by 21% to X tons, rising for the sixth year in a row after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,427%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,947% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Belarus, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +46.7%.

In value terms, Russia ($X) also remains the key foreign market for lauric acid and other acids, their salts and esters exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +57.5%.

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, increasing by 33% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for lauric acid and other acids, their salts and esters increased by +42.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 34%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +7.3% per year.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Belarus

In 2021, approx. X tons of lauric acid and other acids, their salts and esters were imported into Belarus; picking up by 84% on 2020. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of lauric acid and other acids, their salts and esters soared to $X in 2021. Over the period under review, imports continue to indicate a modest increase. The growth pace was the most rapid in 2018 when imports increased by 80%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), Lithuania (X tons) and Poland (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Belarus, together accounting for 37% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +28.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Lithuania ($X), Russia ($X) and Poland ($X) appeared to be the largest lauric acid and other acids, their salts and esters suppliers to Belarus, with a combined 31% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, waning by -7.5% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for lauric acid and other acids, their salts and esters decreased by -16.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 64%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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