Belarus: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Belarus

The Belarusian barium or aluminium sulphates market declined sharply to $X in 2022, which is down by -24.2% against the previous year. In general, consumption saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the market value increased by 8.1%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Belarus

In value terms, barium or aluminium sulphates production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 28% against the previous year. Barium or aluminium sulphates production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Belarus

In 2022, overseas shipments of sulphates of barium or aluminium increased by 9.9% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.3% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 47% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X tons) was the main destination for barium or aluminium sulphates exports from Belarus, with a 69% share of total exports. Moreover, barium or aluminium sulphates exports to Ukraine exceeded the volume sent to the second major destination, Russia (X tons), threefold. Lithuania (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+0.7% per year) and Lithuania (+5.9% per year).

In value terms, Ukraine ($X) remains the key foreign market for sulphates of barium or aluminium exports from Belarus, comprising 80% of total exports. The second position in the ranking was held by Russia ($X), with a 14% share of total exports. It was followed by Lithuania, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-0.5% per year) and Lithuania (+14.3% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, growing by 68% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Estonia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Belarus

Barium or aluminium sulphates imports into Belarus contracted dramatically to X tons in 2022, declining by -62.5% against 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 124%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports shrank markedly to $X in 2022. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 65% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest barium or aluminium sulphates supplier to Belarus, accounting for a 77% share of total imports. Moreover, barium or aluminium sulphates imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), eightfold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+13.9% per year) and China (+14.5% per year).

In value terms, Russia ($X), China ($X) and Poland ($X) appeared to be the largest barium or aluminium sulphates suppliers to Belarus, together accounting for 91% of total imports.

China, with a CAGR of +18.8%, 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 mixed trend patterns.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, increasing by 10% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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