Belarus: Other Agglomerates Market 2024

Other Agglomerates Market Size in Belarus

The Belarusian other agglomerates market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, posted a moderate increase. Other agglomerates consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Other Agglomerates Production in Belarus

In value terms, other agglomerates production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 373%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Other Agglomerates Exports

Exports from Belarus

In 2022, shipments abroad of other agglomerates decreased by -62% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 36%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, other agglomerates exports declined rapidly to $X in 2022. Over the period under review, exports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Germany (X tons), Lithuania (X tons) and Denmark (X tons) were the main destinations of other agglomerates exports from Belarus, with a combined 84% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +1.6%), while the other leaders experienced a decline.

In value terms, the largest markets for other agglomerates exported from Belarus were Germany ($X), Lithuania ($X) and Denmark ($X), with a combined 83% share of total exports.

Lithuania, with a CAGR of +16.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average other agglomerates export price amounted to $X per ton, with an increase of 69% against the previous year. In general, the export price showed prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 136% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 Latvia (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Other Agglomerates Imports

Imports into Belarus

In 2022, approx. X tons of other agglomerates were imported into Belarus; rising by 87% on 2021 figures. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of 203% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, other agglomerates imports skyrocketed to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 158%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of other agglomerates to Belarus, accounting for a 66% share of total imports. Moreover, other agglomerates imports from Russia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. The third position in this ranking was held by New Zealand (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+28.6% per year) and New Zealand (+49.4% per year).

In value terms, Russia ($X) constituted the largest supplier of other agglomerates to Belarus, comprising 73% of total imports. The second position in the ranking was held by Lithuania ($X), with a 16% share of total imports. It was followed by New Zealand, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+19.1% per year) and New Zealand (+52.8% per year).

Import Prices by Country

The average other agglomerates import price stood at $X per ton in 2022, reducing by -5.9% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other agglomerates import price decreased by -38.0% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 New Zealand ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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