Belarus: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Belarus

In 2022, the Belarusian rosin and resin acids market decreased by X% to $X, falling for the eighth consecutive year after three years of growth. Over the period under review, consumption faced a abrupt slump. Rosin and resin acids consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Rosin And Resin Acids And Derivatives in Belarus

In value terms, rosin and resin acids production rose rapidly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Rosin and resin acids production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from Belarus

In 2022, the amount of rosin and resin acids and derivatives exported from Belarus rose to X tons, with an increase of X% compared with the year before. Overall, exports posted significant growth. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, rosin and resin acids exports expanded sharply to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for rosin and resin acids exports from Belarus, with a X% share of total exports. It was followed by Lithuania (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Uzbekistan (X% per year).

In value terms, Russia ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Imports of Rosin And Resin Acids And Derivatives

Imports into Belarus

In 2022, supplies from abroad of rosin and resin acids and derivatives decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, rosin and resin acids imports contracted significantly to $X in 2022. Overall, imports showed a pronounced decrease. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Brazil (X tons) and China (X tons) were the main suppliers of rosin and resin acids imports to Belarus, together comprising X% of total imports. Poland and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Russia ($X), Brazil ($X) and China ($X) appeared to be the largest rosin and resin acids suppliers to Belarus, together accounting for X% of total imports.

Among the main suppliers, Russia, with a CAGR of X%, saw the highest growth rate of 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 rosin and resin acids import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price recorded a moderate expansion. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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