Report Update: Apr 1, 2024

Belarus - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Polystyrene Price in Belarus - 2022

Polystyrene Price in Belarus (CIF) - 2022

In March 2022, the average polystyrene import price amounted to $1,592 per ton, with a decrease of -24.7% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2021 an increase of 23% month-to-month. Over the period under review, average import prices hit record highs at $2,115 per ton in February 2022, and then fell significantly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Belgium ($2,135 per ton), while the price for Lithuania ($495 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 Russia (+0.2%), while the prices for the other major suppliers experienced a decline.

Polystyrene Price in Belarus (FOB) - 2022

The average polystyrene export price stood at $1,700 per ton in March 2022, waning by -7.3% against the previous month. In general, export price indicated a slight expansion from March 2021 to March 2022: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, polystyrene export price increased by +11.4% against December 2021 indices. The growth pace was the most rapid in October 2021 when the average export price increased by 116% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,304 per ton in August 2021; however, from September 2021 to March 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In March 2022, the country with the highest price was Lithuania ($1,880 per ton), while the average price for exports to Russia totaled $1,391 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polystyrene Imports in Belarus

In 2022, polystyrene imports into Belarus shrank dramatically to 46K tons, with a decrease of -15.6% compared with the previous year. Overall, imports saw a perceptible curtailment. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of 55K tons, and then dropped significantly in the following year.

In value terms, polystyrene imports rose sharply to $112M in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Polystyrene in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	47.1	38.3	78.7	86.6	22.5%
Ukraine	3.8	4.3	5.6	8.9	32.8%
Lithuania	1.4	1.2	2.7	2.9	27.5%
Belgium	2.4	2.3	1.6	2.1	-4.4%
Netherlands	1.5	1.5	1.2	2.0	10.1%
Poland	2.6	0.9	1.2	1.4	-18.6%
Others	6.0	5.2	6.7	8.2	11.0%
Total	64.8	53.7	97.7	112	20.0%

Top Suppliers of Polystyrene to Belarus in 2022:

Russia (34.6K tons)
Ukraine (3.1K tons)
Lithuania (1.5K tons)
Poland (1.1K tons)
Belgium (1.1K tons)
Netherlands (1.0K tons)

Polystyrene Exports in Belarus

In 2022, the amount of polystyrene exported from Belarus shrank rapidly to 233 tons, reducing by -83.4% compared with the year before. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 299%. As a result, the exports attained the peak of 1.4K tons, and then reduced markedly in the following year.

In value terms, polystyrene exports declined markedly to $357K in 2022. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 546% against the previous year. As a result, the exports attained the peak of $2M, and then fell sharply in the following year.

Export of Polystyrene in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	461	179	498	181	-26.8%
Lithuania	44.6	13.9	459	173	57.1%
Serbia	N/A	N/A	206	N/A	0%
Romania	N/A	N/A	691	N/A	0%
Ukraine	N/A	116	142	N/A	22.4%
Others	2.0	2.3	10.5	4.0	26.0%
Total	508	311	2,007	357	-11.1%

Top Export Markets for Polystyrene from Belarus in 2022:

Russia (138.0 tons)
Lithuania (92.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polystyrene market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20162035 - Expansible polystyrene, in primary forms
Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023