Belarus: Zinc Oxide Market 2024

Zinc Oxide Market Size in Belarus

The Belarusian zinc oxide market stood at $X in 2022, remaining stable against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Zinc oxide consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Zinc Oxide Production in Belarus

In value terms, zinc oxide production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Zinc oxide production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Zinc Oxide Exports

Exports from Belarus

In 2022, approx. X tons of zinc oxide and zinc peroxide were exported from Belarus; waning by X% compared with the previous year's figure. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, zinc oxide exports contracted significantly to $X in 2022. In general, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Poland (X tons) and Ukraine (X tons) were the main destinations of zinc oxide exports from Belarus.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Russia ($X), Poland ($X) and Ukraine ($X) appeared to be the largest markets for zinc oxide exported from Belarus worldwide.

Among the main countries of destination, Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average zinc oxide export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Belarus

After two years of growth, purchases abroad of zinc oxide and zinc peroxide decreased by X% to X tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc oxide imports soared to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of zinc oxide to Belarus, with a X% share of total imports. Moreover, zinc oxide imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold.

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

In value terms, Russia ($X) constituted the largest supplier of zinc oxide and zinc peroxide to Belarus, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average zinc oxide import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc oxide import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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