Belarus: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Belarus

In 2022, the Belarusian market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 145% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Belarus

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 13%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Belarus

In 2022, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -76.8% to X tons, falling for the second year in a row after two years of growth. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 33%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning shrank notably to $X in 2022. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 16%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Russia (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Belarus, with a 52% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Russia exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was held by Slovenia (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+15.3% per year) and Slovenia (-9.4% per year).

In value terms, Russia ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Belarus, comprising 55% of total exports. The second position in the ranking was held by Turkey ($X), with an 11% share of total exports. It was followed by Slovenia, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+12.7% per year) and Slovenia (-9.3% per year).

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 44%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Belarus

In 2022, supplies from abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -65.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 34%. Imports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning reduced markedly to $X in 2022. Overall, imports showed a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

Russia (X tons), Ukraine (X tons) and China (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Belarus, together accounting for 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +144.4%), while purchases for the other leaders experienced a decline.

In value terms, Russia ($X), Ukraine ($X) and South Korea ($X) were the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Belarus, with a combined 89% share of total imports.

Among the main suppliers, Ukraine, with a CAGR of +156.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Russia ($X per ton), while the price for China ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :