Belarus: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Belarus

The Belarusian market for polyethylene with a specific gravity of less than X, in primary forms fell to $X in 2021, reducing by -13.6% against the previous year. Overall, consumption recorded a pronounced decrease. The growth pace was the most rapid in 2017 when the market value increased by 8.5% against the previous year. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Belarus

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms declined modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2019 with an increase of 16%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Belarus

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported from Belarus; surging by 14% compared with the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 50%. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Belarus, with a 78% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms 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 (+3.0% per year) and Lithuania (-2.9% per year).

In value terms, Russia ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Belarus, comprising 79% of total exports. The second position in the ranking was held by Ukraine ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+2.9% per year) and Lithuania (-3.1% per year).

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 63% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external 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 Ukraine (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Belarus

Imports of polyethylene with a specific gravity of less than X, in primary forms into Belarus reduced modestly to X tons in 2021, dropping by -3.1% on 2020. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2016 when imports increased by 56%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, imports continue to indicate a perceptible descent. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest polyethylene with a specific gravity of less than X supplier to Belarus, with a 45% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Russia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Azerbaijan (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-17.3% per year) and Azerbaijan (+26.2% per year).

In value terms, Russia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Belarus, comprising 42% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total imports. It was followed by Sweden, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-17.4% per year) and Sweden (+5.5% per year).

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, surging by 54% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for France ($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 (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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