Belarus: Polyacetals Market 2024

Polyacetals Market Size in Belarus

After two years of decline, the Belarusian polyacetals market increased by 49% to $X in 2021. Over the period under review, consumption, however, continues to indicate a slight decline. Polyacetals consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Polyacetals Exports

Exports from Belarus

In 2021, overseas shipments of polyacetals in primary forms increased by 460% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 5,127% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, polyacetals exports soared to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 4,109%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for polyacetals exports from Belarus, accounting for a 77% share of total exports. Moreover, polyacetals exports to Slovakia exceeded the volume sent to the second major destination, Russia (X tons), fourfold. Ukraine (X kg) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia amounted to +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+72.9% per year) and Ukraine (+48.3% per year).

In value terms, Slovakia ($X), Russia ($X) and Ukraine ($X) were the largest markets for polyacetals exported from Belarus worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +95.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyacetals export price stood at $X per ton in 2021, rising by 33% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 91%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Slovakia ($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 Germany (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into Belarus

After two years of decline, overseas purchases of polyacetals in primary forms increased by 33% to X tons in 2021. Overall, imports, however, showed a mild setback. The most prominent rate of growth was recorded in 2016 when imports increased by 578% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, polyacetals imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 319% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of polyacetals imports to Belarus, together accounting for 48% of total imports. These countries were followed by the Netherlands, the United States, South Korea and Lithuania, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyacetals suppliers to Belarus were Russia ($X), Germany ($X) and Denmark ($X), with a combined 51% share of total imports. The Netherlands, the United States, South Korea and Lithuania lagged somewhat behind, together accounting for a further 26%.

The United States, with a CAGR of +16.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyacetals import price stood at $X per ton in 2021, picking up by 23% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Denmark ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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