Belarus: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Belarus

The Belarusian polyethylene in primary forms market shrank to $X in 2021, falling by -13.9% against the previous year. In general, consumption continues to indicate a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Belarus

In value terms, polyethylene in primary forms production contracted to $X in 2021 estimated in export price. In general, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from Belarus

In 2021, the amount of polyethylene in primary forms exported from Belarus rose markedly to X tons, with an increase of 13% against 2020 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 43%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for polyethylene in primary forms exports from Belarus, accounting for a 80% share of total exports. Moreover, polyethylene in primary forms exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+2.8% per year) and Lithuania (-3.0% per year).

In value terms, Russia ($X) remains the key foreign market for polyethylene in primary forms exports from Belarus, comprising 82% of total exports. The second position in the ranking was held by Ukraine ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+1.8% per year) and Lithuania (-4.0% per year).

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, growing by 62% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($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 Russia (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene in Primary Forms

Imports into Belarus

In 2021, polyethylene in primary forms imports into Belarus expanded to X tons, with an increase of 3% against the year before. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, polyethylene in primary forms imports surged to $X in 2021. Over the period under review, imports, however, saw a perceptible downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of polyethylene in primary forms to Belarus, accounting for a 51% share of total imports. Moreover, polyethylene in primary forms imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+10.9% per year) and Saudi Arabia (-14.8% per year).

In value terms, Russia ($X) constituted the largest supplier of polyethylene in primary forms to Belarus, comprising 45% of total imports. The second position in the ranking was held by Ukraine ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+10.8% per year) and Saudi Arabia (-14.8% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, surging by 50% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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