Belarus: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Belarus

After two years of growth, the Belarusian market for organo-sulphur compounds and other organo-inorganic compounds decreased by -21.6% to $X in 2022. Over the period under review, consumption continues to indicate a noticeable downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Belarus

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds soared to $X in 2022 estimated in export price. In general, production recorded resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 111% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Belarus

In 2022, overseas shipments of organo-sulphur compounds and other organo-inorganic compounds increased by 95% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 171%. Over the period under review, the exports of reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. In general, exports showed notable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 178% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Belarus, accounting for a 77% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to Belgium exceeded the volume sent to the second major destination, Russia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.8% per year) and Kazakhstan (-63.3% per year).

In value terms, the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Belarus were Belgium ($X), Russia ($X) and Kazakhstan ($X), with a combined 100% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +2.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, which is down by -29.5% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2021 an increase of 26%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Kazakhstan ($X per ton), while the average price for exports to Belgium ($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 Kazakhstan (+26.2%), while the prices for the other major destinations experienced a decline.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Belarus

In 2022, the amount of organo-sulphur compounds and other organo-inorganic compounds imported into Belarus shrank remarkably to X tons, which is down by -24% compared with the previous year. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 37% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds reduced remarkably to $X in 2022. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest organo-sulphur compounds and other organo-inorganic compounds supplier to Belarus, accounting for a 56% share of total imports. Moreover, imports of organo-sulphur compounds and other organo-inorganic compounds from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.1% per year) and Japan (+69.3% per year).

In value terms, the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Belarus were Russia ($X), China ($X) and Japan ($X), together accounting for 90% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +50.6%, recorded 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 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, shrinking by -3.1% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 25%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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