Belarus: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Belarus

The Belarusian aromatic hydrocarbon mixtures market contracted to $X in 2022, reducing by -3.4% against the previous year. Overall, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

Aromatic Hydrocarbon Mixtures Production in Belarus

In value terms, aromatic hydrocarbon mixtures production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Belarus

In 2022, shipments abroad of naphthalene and other aromatic hydrocarbon mixtures decreased by -25.5% to X tons, falling for the second year in a row after nine years of growth. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures exports declined markedly to $X in 2022. In general, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2013 with an increase of 18% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Russia (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Belarus.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Russia ($X) were the largest markets for aromatic hydrocarbon mixtures exported from Belarus worldwide.

The UK, with a CAGR of +25.2%, recorded 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

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, declining by -11.9% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-2.2%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Belarus

In 2022, the amount of naphthalene and other aromatic hydrocarbon mixtures imported into Belarus dropped markedly to X tons, declining by -20.9% compared with the previous year's figure. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 3,204% 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 somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports rose significantly to $X in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 2,353%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of aromatic hydrocarbon mixtures to Belarus, with a 72% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +4.5%.

In value terms, the largest aromatic hydrocarbon mixtures suppliers to Belarus were Russia ($X) and Ukraine ($X).

Ukraine, with a CAGR of +127.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, picking up by 41% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures import price increased by +56.8% against 2019 indices. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.9%).

Source: IndexBox Platform

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