Report Update Nov 1, 2024

Belarus - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Formaldehyde Market 2024

Formaldehyde Market Size in Belarus

In 2022, the Belarusian formaldehyde market decreased by -15.2% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Formaldehyde Exports

Exports from Belarus

For the third year in a row, Belarus recorded growth in overseas shipments of formaldehyde, which increased by 35% to X tons in 2014. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 53%. Over the period under review, the exports reached the peak figure in 2014 and are expected to retain growth in the near future.

In value terms, formaldehyde exports surged to $X in 2014. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 48% against the previous year. The exports peaked in 2014 and are likely to see steady growth in years to come.

Exports by Country

Ukraine (X tons) was the main destination for formaldehyde exports from Belarus, with a 82% share of total exports. Moreover, formaldehyde exports to Ukraine exceeded the volume sent to the second major destination, Poland (X tons), sixfold.

From 2012 to 2014, the average annual rate of growth in terms of volume to Ukraine totaled +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+74.8% per year) and Russia (+109.2% per year).

In value terms, Ukraine ($X) remains the key foreign market for formaldehyde exports from Belarus, comprising 80% of total exports. The second position in the ranking was taken by Russia ($X), with a 13% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of value to Ukraine stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+80.4% per year) and Poland (+54.9% per year).

Export Prices by Country

In 2014, the average formaldehyde export price amounted to $X per ton, waning by -1.8% against the previous year. Over the period under review, the export price saw a noticeable downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2014, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-2.6%), while the prices for the other major destinations experienced a decline.

Formaldehyde Imports

Imports into Belarus

After two years of growth, purchases abroad of formaldehyde decreased by -7.4% to X tons in 2022. Overall, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 319% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, formaldehyde imports contracted remarkably to $X in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 349%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the main formaldehyde supplier to Belarus, accounting for a 99% share of total imports. It was followed by Lithuania (X tons), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled -1.1%.

In value terms, Russia ($X) constituted the largest supplier of formaldehyde to Belarus, comprising 88% of total imports. The second position in the ranking was held by Lithuania ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia stood at -4.9%.

Import Prices by Country

In 2022, the average formaldehyde import price amounted to $X per ton, which is down by -11.2% against the previous year. In general, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+20.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global consumption.

What are the largest producers of formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 47% of global production. Japan, Russia, Brazil, Indonesia, Pakistan, Mexico, Italy, the Netherlands, Hungary and Germany lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of formaldehyde to Belarus?

In value terms, Russia constituted the largest supplier of formaldehyde to Belarus.

What are the leading importers of formaldehyde from Belarus?

In value terms, Ukraine remains the key foreign market for formaldehyde exports from Belarus, comprising 90% of total exports. The second position in the ranking was occupied by Poland, with a 9.8% share of total exports.

What is the average export price for formaldehyde in Belarus?

In 2021, the average formaldehyde export price amounted to $248 per ton, surging by 16% against the previous year.

What is the average import price for formaldehyde in Belarus?

The average formaldehyde import price stood at $183 per ton in 2021, shrinking by -37.1% against the previous year.

This report provides an in-depth analysis of the formaldehyde market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146111 - Methanal (formaldehyde)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023