Belarus: Market for Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters) 2024

Market Size for Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters) in Belarus

After two years of growth, the Belarusian polyesters in primary forms market decreased by X% to $X in 2023. In general, consumption, however, enjoyed a prominent increase. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Production of Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters) in Belarus

In value terms, polyesters in primary forms production reached $X in 2023 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Polyesters in primary forms production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters)

Exports from Belarus

In 2023, shipments abroad of polyesters in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate, other unsaturated polyesters) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports continue to indicate a strong expansion. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, polyesters in primary forms exports skyrocketed to $X in 2023. Overall, exports continue to indicate measured growth. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for polyesters in primary forms exports from Belarus, with a X% share of total exports. It was followed by Poland (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for polyesters in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate, other unsaturated polyesters) exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Poland (X% per year).

Export Prices by Country

The average polyesters in primary forms export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters)

Imports into Belarus

In 2023, supplies from abroad of polyesters in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate, other unsaturated polyesters) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports showed a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, polyesters in primary forms imports stood at $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of polyesters in primary forms imports to Belarus, together comprising X% of total imports. Turkey, China, Serbia, Germany, Lithuania, Ukraine, the United States, South Korea, Finland and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyesters in primary forms suppliers to Belarus were Russia ($X), Poland ($X) and Italy ($X), together accounting for X% of total imports. Turkey, Serbia, China, Germany, Lithuania, the United States, Ukraine, Finland, South Korea and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average polyesters in primary forms import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform