Belarus: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Belarus

In 2021, the Belarusian multiple-walled insulating glass unit market decreased by -5.3% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a noticeable slump. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Belarus

In value terms, multiple-walled insulating glass unit production stood at $X in 2021 estimated in export price. In general, production, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Belarus

In 2021, the amount of multiple-walled insulating units of glass exported from Belarus skyrocketed to X square meters, jumping by 87% against 2020 figures. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports surged to $X in 2021. Overall, exports, however, saw a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X square meters) was the main destination for multiple-walled insulating glass unit exports from Belarus, accounting for a 68% share of total exports. Moreover, multiple-walled insulating glass unit exports to Poland exceeded the volume sent to the second major destination, Russia (X square meters), threefold. Latvia (X square meters) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +114.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-13.0% per year) and Latvia (+105.5% per year).

In value terms, the largest markets for multiple-walled insulating glass unit exported from Belarus were Poland ($X), Russia ($X) and Lithuania ($X), together comprising 94% of total exports.

Among the main countries of destination, Poland, with a CAGR of +136.4%, saw 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

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, with a decrease of -6.3% against the previous year. Overall, the export price recorded a deep setback. The pace of growth was the most pronounced in 2014 an increase of 22%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per square meter), while the average price for exports to Poland ($X per square 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 (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Belarus

Multiple-walled insulating glass unit imports into Belarus reached X square meters in 2021, remaining relatively unchanged against the year before. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 171% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. Over the period under review, imports posted a moderate expansion. The pace of growth was the most pronounced in 2013 when imports increased by 119% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X square meters) constituted the largest supplier of multiple-walled insulating glass unit to Belarus, with a 62% share of total imports. Moreover, multiple-walled insulating glass unit imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X square meters), twofold. The third position in this ranking was held by Belgium (X square meters), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+178.0% per year) and Belgium (0.0% per year).

In value terms, the largest multiple-walled insulating glass unit suppliers to Belarus were Russia ($X), Italy ($X) and Belgium ($X), with a combined 93% share of total imports.

Italy, with a CAGR of +141.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 multiple-walled insulating glass unit import price amounted to $X per square meter, surging by 40% against the previous year. In general, the import price, however, recorded a deep downturn. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Italy ($X per square meter), while the price for Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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