Belarus: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Belarus

The Belarusian market for plastic fittings for tubes, pipes and hoses soared to $X in 2021, increasing by 39% against the previous year. Over the period under review, consumption, however, showed a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Belarus

In value terms, production of plastic fittings for tubes, pipes and hoses rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Belarus

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses decreased by -3.7% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 174% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 112%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Belarus, with a 58% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Russia exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. The third position in this ranking was taken by Kazakhstan (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+12.8% per year) and Kazakhstan (+21.1% per year).

In value terms, Russia ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Belarus, comprising 44% of total exports. The second position in the ranking was taken by Denmark ($X), with a 15% share of total exports. It was followed by Kazakhstan, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+11.5% per year) and Kazakhstan (+16.9% per year).

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 29% against the previous year. In general, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Belarus

In 2021, purchases abroad of plastic fittings for tubes, pipes and hoses increased by 77% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest plastic fittings for tubes, pipes and hoses supplier to Belarus, accounting for a 46% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.2% per year) and Turkey (+7.6% per year).

In value terms, Russia ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Belarus, comprising 42% of total imports. The second position in the ranking was taken by Turkey ($X), with a 9.3% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.3% per year) and Italy (+4.8% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 1.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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