Price for Dyes; Pigments and Preparations Based Thereon in Belarus - 2022

Contents:

  1. Price for Dyes; Pigments and Preparations Based Thereon in Belarus (CIF) - 2022
  2. Price for Dyes; Pigments and Preparations Based Thereon in Belarus (FOB) - 2022
  3. Imports of Dyes; Pigments and Preparations Based Thereon in Belarus
  4. Exports of Dyes; Pigments and Preparations Based Thereon in Belarus

Price for Dyes; Pigments and Preparations Based Thereon in Belarus (CIF) - 2022

The average import price for dyes; pigments and preparations based therea stood at $7,790 per ton in March 2022, shrinking by -7.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 22% m-o-m. As a result, import price reached the peak level of $9,625 per ton. From December 2021 to March 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($23,519 per ton), while the price for Russia ($3,229 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in Belarus (FOB) - 2022

The average export price for dyes; pigments and preparations based therea stood at $3,914 per ton in March 2022, declining by -6.2% against the previous month. Over the period under review, the export price showed a perceptible downturn. The pace of growth was the most pronounced in September 2021 when the average export price increased by 521% against the previous month. As a result, the export price reached the peak level of $13,053 per ton. From October 2021 to March 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Uzbekistan ($10,784 per ton), while the average price for exports to Russia amounted to $3,878 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (-0.5%).

Imports of Dyes; Pigments and Preparations Based Thereon in Belarus

For the fourth consecutive year, Belarus recorded growth in supplies from abroad of dyes; pigments and preparations based therea, which increased by 4.1% to 1K tons in 2022. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 12%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of dyes; pigments and preparations based therea rose to $8.1M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.3% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Dyes; Pigments and Preparations Based Thereon in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1,5761,7911,8421,8535.5%
China1,2711,1371,0851,154-3.2%
India7477351,0561,06212.4%
Belgium1,142891982996-4.5%
Romania27154741041215.0%
Ukraine1822302392409.7%
Turkey13619521922017.4%
Others1,8452,0952,0252,1735.6%
Total7,1717,6207,8568,1094.2%

Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Belarus in 2022:

  1. Russia (250.4 tons)
  2. China (139.2 tons)
  3. Turkey (127.0 tons)
  4. India (110.4 tons)
  5. Romania (80.3 tons)
  6. Belgium (75.6 tons)
  7. Ukraine (49.8 tons)

Exports of Dyes; Pigments and Preparations Based Thereon in Belarus

In 2022, exports of dyes; pigments and preparations based therea from Belarus surged to 280 tons, growing by 39% on the year before. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of dyes; pigments and preparations based therea surged to $1.4M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Dyes; Pigments and Preparations Based Thereon in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia8368248611,14511.1%
Uzbekistan29.215716121494.2%
Others49.815.331.729.6-15.9%
Total9159961,0541,38914.9%

Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Belarus in 2022:

  1. Russia (258.3 tons)
  2. Uzbekistan (17.9 tons)

Source: IndexBox Market Intelligence Platform

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