Belarus: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Belarus

In 2021, the Belarusian silicon dioxide market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated noticeable growth 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. Based on 2021 figures, consumption decreased by -12.1% against 2018 indices. Silicon dioxide consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Silicon Dioxide Exports

Exports from Belarus

In 2021, overseas shipments of silicon dioxide increased by 52% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. In general, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for silicon dioxide exports from Belarus, with a 70% share of total exports. Moreover, silicon dioxide exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+32.3% per year) and Kazakhstan (-11.2% per year).

In value terms, Russia ($X) remains the key foreign market for silicon dioxide exports from Belarus, comprising 81% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+46.8% per year) and Kazakhstan (-6.1% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, surging by 38% against the previous year. In general, the export price continues to indicate a strong increase. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($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 (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Belarus

In 2021, overseas purchases of silicon dioxide increased by 1.7% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 39%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon dioxide imports surged to $X in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 30%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Germany (X tons) and India (X tons) were the main suppliers of silicon dioxide imports to Belarus, with a combined 80% 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 India (with a CAGR of +91.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and the United States ($X) constituted the largest silicon dioxide suppliers to Belarus, together accounting for 84% of total imports. Poland, China, India, Ukraine, France and Lithuania lagged somewhat behind, together accounting for a further 16%.

India, with a CAGR of +91.1%, saw the highest growth rate of 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 silicon dioxide import price stood at $X per ton in 2021, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 34%. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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