Belarus: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Belarus

In 2021, the Belarusian oxygen-function amino-compound market increased by 34% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Oxygen-Function Amino-Compound Exports

Exports from Belarus

In 2021, after two years of growth, there was decline in overseas shipments of oxygen-function amino-compounds, when their volume decreased by -2.8% to X tons. In general, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 214%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, oxygen-function amino-compound exports expanded remarkably to $X in 2021. Over the period under review, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 154% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for oxygen-function amino-compound exports from Belarus, accounting for a 84% share of total exports. Moreover, oxygen-function amino-compound exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -3.2%.

In value terms, Russia ($X) remains the key foreign market for oxygen-function amino-compounds exports from Belarus, comprising 95% of total exports. The second position in the ranking was held by Ukraine ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest.

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, picking up by 15% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+12.7%).

Oxygen-Function Amino-Compound Imports

Imports into Belarus

In 2021, supplies from abroad of oxygen-function amino-compounds increased by 40% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oxygen-function amino-compound imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of oxygen-function amino-compound imports to Belarus, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound suppliers to Belarus were China ($X), Russia ($X) and Germany ($X), together comprising 84% of total imports.

Russia, with a CAGR of +7.0%, recorded 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 mixed trend patterns.

Import Prices by Country

The average oxygen-function amino-compound import price stood at $X per ton in 2021, reducing by -9% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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