Belarus: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Belarus

In 2022, the Belarusian phosphinates and phosphonates market increased by 62% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports from Belarus

In 2022, approx. X kg of phosphinates (hypophosphites) and phosphonates (phosphites) were exported from Belarus; falling by -36.7% on 2021. In general, exports saw a mild decline. The most prominent rate of growth was recorded in 2018 when exports increased by 324%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports contracted dramatically to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 340%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for phosphinates and phosphonates exports from Belarus, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled -1.3%.

In value terms, Russia ($X) also remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +5.0%.

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, rising by 2.7% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphinates and phosphonates export price decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 54%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +6.3% per year.

Phosphinates And Phosphonates Imports

Imports into Belarus

In 2022, overseas purchases of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 43% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 429%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 244% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest phosphinates and phosphonates supplier to Belarus, accounting for a 40% share of total imports. Moreover, phosphinates and phosphonates imports from Russia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. The third position in this ranking was taken by Ukraine (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+34.5% per year) and Ukraine (+52.4% per year).

In value terms, Ukraine ($X), Russia ($X) and the UK ($X) were the largest phosphinates and phosphonates suppliers to Belarus, together comprising 60% of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +55.0%, 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

The average phosphinates and phosphonates import price stood at $X per ton in 2022, surging by 15% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphinates and phosphonates import price increased by +36.2% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 69%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia ($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 (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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