Belarus: Mdf Market 2024

Mdf Market Size in Belarus

The Belarusian MDF market skyrocketed to $X in 2021, jumping by 74% against the previous year. Overall, consumption, however, posted significant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Mdf Production in Belarus

In value terms, MDF production soared to $X in 2021 estimated in export price. In general, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 166%. Production peaked in 2021 and is likely to continue growth in the near future.

Mdf Exports

Exports from Belarus

In 2021, the amount of MDF exported from Belarus expanded rapidly to X cubic meters, with an increase of 8.7% against the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 166%. Over the period under review, the exports attained the maximum at X cubic meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, MDF exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 144%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X cubic meters), Ukraine (X cubic meters) and Poland (X cubic meters) were the main destinations of MDF exports from Belarus, together comprising 83% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +163.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Poland ($X) appeared to be the largest markets for MDF exported from Belarus worldwide, together comprising 83% of total exports.

Poland, with a CAGR of +171.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 MDF export price amounted to $X per cubic meter, jumping by 77% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per cubic meter), while the average price for exports to Iran ($X per cubic meter) was 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.

Mdf Imports

Imports into Belarus

MDF imports into Belarus skyrocketed to X cubic meters in 2021, picking up by 18% on the year before. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.8% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 34%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, MDF imports surged to $X in 2021. Overall, imports recorded a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X cubic meters) constituted the largest supplier of MDF to Belarus, with a 54% share of total imports. Moreover, MDF imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X cubic meters), twofold. Poland (X cubic meters) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+4.5% per year) and Poland (-1.1% per year).

In value terms, the largest MDF suppliers to Belarus were Russia ($X), Poland ($X) and Ukraine ($X), with a combined 89% share of total imports. These countries were followed by Germany, Turkey and Romania, which together accounted for a further 8.2%.

In terms of the main suppliers, Turkey, with a CAGR of +8.4%, saw the highest growth rate of 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

In 2021, the average MDF import price amounted to $X per cubic meter, jumping by 20% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 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 Turkey ($X per cubic meter), while the price for Ukraine ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :