Belarus: Mineral Wool Market 2024

Mineral Wool Market Size in Belarus

In 2022, the Belarusian mineral wool market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Mineral Wool Exports

Exports from Belarus

In 2022, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were exported from Belarus; falling by X% compared with the previous year's figure. Over the period under review, total exports indicated a moderate expansion 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, exports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mineral wool exports soared to $X in 2022. Overall, exports, however, saw a moderate increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons) was the main destination for mineral wool exports from Belarus, accounting for a X% share of total exports. Moreover, mineral wool exports to Ukraine exceeded the volume sent to the second major destination, Russia (X tons), threefold. Moldova (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Moldova (X% per year).

In value terms, Ukraine ($X) remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Moldova (X% per year).

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Poland ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Mineral Wool Imports

Imports into Belarus

In 2022, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were imported into Belarus; growing by X% on the previous year. Overall, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, mineral wool imports stood at $X in 2022. In general, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest mineral wool supplier to Belarus, accounting for a X% share of total imports. Moreover, mineral wool imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sixfold. The third position in this ranking was taken by Poland (X tons), with a X% share.

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

In value terms, Russia ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Belarus, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

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

Import Prices by Country

In 2022, the average mineral wool import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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