Belarus: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Belarus

The Belarusian polycarboxylic acid market fell to $X in 2022, with a decrease of -3.1% against the previous year. Overall, consumption, however, recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Polycarboxylic Acid Production in Belarus

In value terms, polycarboxylic acid production fell to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Polycarboxylic acid production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports from Belarus

Polycarboxylic acid exports from Belarus shrank to X tons in 2022, declining by -14.3% compared with the year before. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 80%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, polycarboxylic acid exports fell rapidly to $X in 2022. In general, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 126% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Russia (X tons), Lithuania (X tons) and Poland (X tons) were the main destinations of polycarboxylic acid exports from Belarus, with a combined 61% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +93.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for polycarboxylic acids exports from Belarus, comprising 34% of total exports. The second position in the ranking was held by Lithuania ($X), with a 14% share of total exports. It was followed by Poland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+78.9% per year) and Poland (+4.4% per year).

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, which is down by -15.9% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and India ($X per ton), while the average price for exports to Lithuania ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.5%), while the prices for the other major destinations experienced a decline.

Polycarboxylic Acid Imports

Imports into Belarus

In 2022, the amount of polycarboxylic acids imported into Belarus shrank slightly to X tons, with a decrease of -4.9% on 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 82%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarboxylic acid imports declined to $X in 2022. In general, imports showed a slight slump. The pace of growth appeared the most rapid in 2019 with an increase of 66%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), South Korea (X tons) and Portugal (X tons) were the main suppliers of polycarboxylic acid imports to Belarus, with a combined 91% share of total imports. Russia and the Czech Republic lagged somewhat behind, together comprising a further 4.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +129.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to Belarus were Poland ($X), South Korea ($X) and Portugal ($X), together comprising 84% of total imports. Russia and the Czech Republic lagged somewhat behind, together comprising a further 7.2%.

The Czech Republic, with a CAGR of +101.0%, 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 more modest paces of growth.

Import Prices by Country

The average polycarboxylic acid import price stood at $X per ton in 2022, reducing by -6.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while the price for South Korea ($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 (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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