Belarus: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Belarus

The Belarusian ethylene polymer bag market declined slightly to $X in 2022, with a decrease of -3.9% against the previous year. Over the period under review, consumption recorded a slight curtailment. Ethylene polymer bag consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Ethylene Polymer Bag Production in Belarus

In value terms, ethylene polymer bag production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Ethylene Polymer Bag Exports

Exports from Belarus

In 2022, exports of sacks and bags of polymers of ethylene from Belarus expanded modestly to X tons, with an increase of 1.9% against 2021. Overall, exports recorded a measured increase. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ethylene polymer bag exports surged to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 43%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Russia (X tons) was the main destination for ethylene polymer bag exports from Belarus, accounting for a 87% share of total exports. Moreover, ethylene polymer bag exports to Russia exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold. Kazakhstan (X tons) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+37.8% per year) and Kazakhstan (+42.7% per year).

In value terms, Russia ($X) remains the key foreign market for sacks and bags of polymers of ethylene exports from Belarus, comprising 79% of total exports. The second position in the ranking was held by Lithuania ($X), with a 9.2% share of total exports. It was followed by Ukraine, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+61.1% per year) and Ukraine (+63.0% per year).

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, surging by 35% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene polymer bag export price increased by +91.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 42% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Ukraine ($X per ton), while the average price for exports to Russia ($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 Germany (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Belarus

In 2022, supplies from abroad of sacks and bags of polymers of ethylene decreased by -9.8% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 23%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene polymer bag imports rose markedly to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 23%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of ethylene polymer bag to Belarus, with a 51% share of total imports. Moreover, ethylene polymer bag imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. China (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+6.3% per year) and China (+20.7% per year).

In value terms, Russia ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Belarus, comprising 58% of total imports. The second position in the ranking was held by Ukraine ($X), with a 16% share of total imports. It was followed by Poland, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+5.8% per year) and Poland (+0.2% per year).

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2022, rising by 21% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 31%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :