Belarus: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Belarus

In 2021, the Belarusian worked flat glass market decreased by -2.5% to $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Worked Flat Glass Production in Belarus

In value terms, worked flat glass production rose notably to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 32%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Worked Flat Glass Exports

Exports from Belarus

In 2021, approx. X tons of worked flat glass were exported from Belarus; jumping by 46% on the previous year's figure. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 258% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, worked flat glass exports soared to $X in 2021. Over the period under review, exports continue to indicate temperate growth. The pace of growth was the most pronounced in 2017 with an increase of 173%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for worked flat glass exports from Belarus, with a 53% share of total exports. Moreover, worked flat glass exports to Germany exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+1.5% per year) and Poland (+110.5% per year).

In value terms, Germany ($X), Russia ($X) and Italy ($X) constituted the largest markets for worked flat glass exported from Belarus worldwide, with a combined 82% share of total exports. Poland, the United States and Lithuania lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, the United States, with a CAGR of +114.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average worked flat glass export price stood at $X per ton in 2021, picking up by 3.4% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 33% against the previous year. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($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 Germany (+0.0%), while the prices for the other major destinations experienced a decline.

Worked Flat Glass Imports

Imports into Belarus

After four years of growth, supplies from abroad of worked flat glass decreased by -33.8% to X tons in 2021. Over the period under review, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of 28%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, worked flat glass imports shrank markedly to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 19%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest worked flat glass supplier to Belarus, with a 69% share of total imports. Moreover, worked flat glass imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. China (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+18.7% per year) and China (-12.7% per year).

In value terms, Russia ($X) constituted the largest supplier of worked flat glass to Belarus, comprising 57% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 20% share of total imports. It was followed by China, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+16.0% per year) and China (-16.3% per year).

Import Prices by Country

In 2021, the average worked flat glass import price amounted to $X per ton, jumping by 17% against the previous year. In general, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 an increase of 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :