Belarus: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Belarus

In 2021, the Belarusian synthetic filament tow market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Synthetic filament tow consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Synthetic Filament Tow Production in Belarus

In value terms, synthetic filament tow production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports from Belarus

In 2021, after two years of growth, there was significant decline in overseas shipments of synthetic filament tow and staple fibers, not carded or combed, when their volume decreased by -16% to X tons. Overall, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2019 with an increase of 20%. The exports peaked at X tons in 2020, and then reduced markedly in the following year.

In value terms, synthetic filament tow exports surged to $X in 2021. In general, exports recorded a pronounced decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for synthetic filament tow exports from Belarus, accounting for a 51% share of total exports. Moreover, synthetic filament tow exports to Russia exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was held by Slovenia (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1.5% per year) and Slovenia (+6.2% per year).

In value terms, Russia ($X) remains the key foreign market for synthetic filament tow exports from Belarus, comprising 48% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Slovenia, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-1.9% per year) and Slovenia (+3.8% per year).

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, with an increase of 48% against the previous year. In general, the export price, however, saw a perceptible curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Estonia ($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 Pakistan (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Belarus

For the third consecutive year, Belarus recorded growth in overseas purchases of synthetic filament tow and staple fibers, not carded or combed, which increased by 23% to X tons in 2021. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 31% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Ukraine (X tons) and China (X tons) were the main suppliers of synthetic filament tow imports to Belarus, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were in Ukraine (with a CAGR of +90.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of synthetic filament tow to Belarus, comprising 48% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 23% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+67.9% per year) and China (+4.8% per year).

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2021, picking up by 34% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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