Belarus: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Belarus

For the third consecutive year, the Belarusian glass fibre fabrics market recorded decline in sales value, which decreased by -27.3% to $X in 2022. Overall, consumption saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Fibre Fabrics Production in Belarus

In value terms, glass fibre fabrics production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a slight setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Belarus

Glass fibre fabrics exports from Belarus fell notably to X tons in 2022, reducing by -15.6% compared with 2021 figures. The total export volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. As a result, the exports reached the peak of X tons, and then fell significantly in the following year.

In value terms, glass fibre fabrics exports declined markedly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Russia (X tons) was the main destination for glass fibre fabrics exports from Belarus, accounting for a 58% share of total exports. Moreover, glass fibre fabrics exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by Poland (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.3% per year) and Poland (+6.4% per year).

In value terms, Russia ($X) remains the key foreign market for glass fibre fabrics exports from Belarus, comprising 50% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Poland, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.4% per year) and Poland (+5.9% per year).

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, which is down by -4.6% against the previous year. In general, the export price recorded a noticeable contraction. The growth pace was the most rapid in 2021 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the average price for exports to the Czech Republic ($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 Romania (+0.0%), while the prices for the other major destinations experienced a decline.

Glass Fibre Fabrics Imports

Imports into Belarus

In 2022, the amount of glass fibre fabrics imported into Belarus totaled X tons, rising by 9.8% compared with the previous year. In general, imports posted a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 214%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, glass fibre fabrics imports fell modestly to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 103%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons) and Russia (X tons) were the main suppliers of glass fibre fabrics imports to Belarus.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +15.8%).

In value terms, Russia ($X) and China ($X) were the largest glass fibre fabrics suppliers to Belarus.

Among the main suppliers, Russia, with a CAGR of +8.8%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average glass fibre fabrics import price amounted to $X per ton, with a decrease of -11.9% against the previous year. Over the period under review, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.5%).

Source: IndexBox Platform

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