Belarus: Plastic Supports Market 2024

Plastic Supports Market Size in Belarus

The Belarusian plastic supports market reached $X in 2022, increasing by 7.1% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Plastic Supports Production in Belarus

In value terms, plastic supports production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 15%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Plastic Supports Exports

Exports from Belarus

In 2022, the amount of spools, cops, bobbins and similar supports of plastics exported from Belarus fell slightly to X tons, remaining stable against 2021. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 129%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastic supports exports rose rapidly to $X in 2022. Overall, exports, however, saw tangible growth. The growth pace was the most rapid in 2016 with an increase of 85% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for plastic supports exports from Belarus, accounting for a 85% share of total exports. Moreover, plastic supports exports to Russia exceeded the volume sent to the second major destination, Lithuania (X tons), tenfold. Slovakia (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-0.8% per year) and Slovakia (+12.7% per year).

In value terms, Russia ($X) remains the key foreign market for spools, cops, bobbins and similar supports of plastics exports from Belarus, comprising 80% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 9.2% share of total exports. It was followed by Lithuania, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+10.1% per year) and Lithuania (+13.7% per year).

Export Prices by Country

The average plastic supports export price stood at $X per ton in 2022, increasing by 7.6% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Lithuania ($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 Lithuania (+14.6%), while the prices for the other major destinations experienced a decline.

Plastic Supports Imports

Imports into Belarus

In 2022, overseas purchases of spools, cops, bobbins and similar supports of plastics increased by 95% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic supports imports soared to $X in 2022. In general, imports showed a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of plastic supports imports to Belarus, with a combined 68% share of total imports. China, Lithuania, Poland and Turkey lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +33.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of spools, cops, bobbins and similar supports of plastics to Belarus, comprising 43% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+3.9% per year) and Italy (+22.8% per year).

Import Prices by Country

In 2022, the average plastic supports import price amounted to $X per ton, with an increase of 18% against the previous year. Over the period under review, the import price, however, showed a mild decline. The growth pace was the most rapid in 2021 an increase of 56% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for Lithuania ($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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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