Belarus: Silicates Market 2024

Silicates Market Size in Belarus

The Belarusian silicates market amounted to $X in 2021, picking up by 14% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Silicates Production in Belarus

In value terms, silicates production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Silicates Exports

Exports from Belarus

In 2021, after two years of growth, there was significant decline in overseas shipments of silicates, commercial alkali metal silicates, when their volume decreased by -9.3% to X tons. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped in the following year.

In value terms, silicates exports contracted to $X in 2021. Overall, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 33%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for silicates exports from Belarus, with a 85% share of total exports. Moreover, silicates exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+4.5% per year) and Poland (+4,700.5% per year).

In value terms, Russia ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Belarus, comprising 87% of total exports. The second position in the ranking was held by Ukraine ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+1.0% per year) and Poland (+4,392.3% per year).

Export Prices by Country

In 2021, the average silicates export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 26%. Over the period under review, the average export prices hit record highs 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine ($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 Russia (-1.9%), while the prices for the other major destinations experienced a decline.

Silicates Imports

Imports into Belarus

In 2021, after two years of growth, there was significant decline in overseas purchases of silicates, commercial alkali metal silicates, when their volume decreased by -20.6% to X tons. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 109%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silicates imports contracted remarkably to $X in 2021. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2017 when imports increased by 25%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ukraine (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of silicates imports to Belarus, together comprising 87% of total imports. Germany, the Netherlands, Japan and China lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates suppliers to Belarus were Ukraine ($X), Russia ($X) and the Netherlands ($X), with a combined 79% share of total imports. These countries were followed by Germany, Poland, Japan and China, which together accounted for a further 16%.

Germany, with a CAGR of +19.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicates import price stood at $X per ton in 2021, waning by -14.1% against the previous year. In general, the import price, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 91%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat 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 the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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