Belarus: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Belarus

In 2022, the Belarusian reaction initiators and accelerators market decreased by -62% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a noticeable downturn. Reaction initiators and accelerators consumption peaked at $X in 2021, and then declined sharply in the following year.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Belarus

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -89.1% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports faced a precipitous setback. The growth pace was the most rapid in 2019 when exports increased by 121% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports declined remarkably to $X in 2022. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 134%. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Russia (X tons) was the main destination for reaction initiators and accelerators exports from Belarus, with a 86% share of total exports. Moreover, reaction initiators and accelerators exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. The third position in this ranking was taken by Ukraine (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to -27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+45.9% per year) and Ukraine (-2.2% per year).

In value terms, Russia ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Belarus, comprising 76% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 8.6% share of total exports. It was followed by Uzbekistan, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to -13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+51.5% per year) and Uzbekistan (+128.3% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, increasing by 71% against the previous year. Overall, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Russia ($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 Hong Kong SAR (+79.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Belarus

After three years of growth, overseas purchases of reaction initiators, reaction accelerators and catalytic preparations decreased by -74.4% to X tons in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 101%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted dramatically in the following year.

In value terms, reaction initiators and accelerators imports reduced notably to $X in 2022. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when imports increased by 71%. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest reaction initiators and accelerators supplier to Belarus, with a 53% share of total imports. Moreover, reaction initiators and accelerators imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.4% per year) and Belgium (+27.4% per year).

In value terms, the largest reaction initiators and accelerators suppliers to Belarus were the United States ($X), Russia ($X) and Belgium ($X), together comprising 60% of total imports. India, Italy, the Netherlands, Germany, Poland, China and Finland lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, China, with a CAGR of +58.6%, saw 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 2022, the average reaction initiators and accelerators import price amounted to $X per ton, surging by 75% against the previous year. Overall, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :