Report Update Nov 1, 2024

Belarus - Polyurethanes in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Polyurethanes Market 2024

Polyurethanes Market Size in Belarus

The Belarusian polyurethanes market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyurethanes Exports

Exports from Belarus

For the fourth year in a row, Belarus recorded growth in shipments abroad of polyurethanes in primary forms, which increased by 21% to X tons in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 659%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, polyurethanes exports surged to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 362% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for polyurethanes exports from Belarus, accounting for a 98% share of total exports. It was followed by Kazakhstan (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +55.0%.

In value terms, Russia ($X) remains the key foreign market for polyurethanes in primary forms exports from Belarus, comprising 97% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +43.4%.

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, reducing by -1.7% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 27%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-7.5%).

Polyurethanes Imports

Imports into Belarus

In 2021, purchases abroad of polyurethanes in primary forms increased by 58% to X tons, rising for the third consecutive year after two years of decline. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports soared to $X in 2021. Overall, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of polyurethanes imports to Belarus, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Italy ($X) were the largest polyurethanes suppliers to Belarus, with a combined 64% share of total imports. These countries were followed by Poland, Switzerland, Spain, the UK and Lithuania, which together accounted for a further 30%.

In terms of the main suppliers, Spain, with a CAGR of +21.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyurethanes import price amounted to $X per ton, with an increase of 7.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polyurethanes in primary forms in the world?

The country with the largest volume of polyurethanes consumption was China, comprising approx. 22% of total volume. Moreover, polyurethanes consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of polyurethanes in primary forms in the world?

The country with the largest volume of polyurethanes production was China, accounting for 23% of total volume. Moreover, polyurethanes production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Belgium, with an 8.4% share.

What are the leading suppliers of polyurethanes in primary forms to Belarus?

In value terms, Russia, Germany and Italy appeared to be the largest polyurethanes suppliers to Belarus, with a combined 64% share of total imports. These countries were followed by Poland, Switzerland, Spain and the UK, which together accounted for a further 27%.

What are the leading importers of polyurethanes in primary forms from Belarus?

In value terms, Russia remains the key foreign market for polyurethanes exports from Belarus, comprising 97% of total exports. The second position in the ranking was occupied by Kazakhstan, with a 2.5% share of total exports.

What is the average export price for polyurethanes in primary forms in Belarus?

The average polyurethanes export price stood at $2,471 per ton in 2021, stabilizing at the previous year.

What is the average import price for polyurethanes in primary forms in Belarus?

In 2021, the average polyurethanes import price amounted to $3,478 per ton, picking up by 2.7% against the previous year.

This report provides an in-depth analysis of the polyurethanes market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165670 - Polyurethanes, in primary forms

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023