Price for Mineral Substances Not Elsewhere Specified or Included in Belarus - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Belarus (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Belarus (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Belarus
- Exports of Mineral Substances Not Elsewhere Specified or Included in Belarus
Price for Mineral Substances Not Elsewhere Specified or Included in Belarus (CIF) - 2022
In March 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $153 per ton, with an increase of 27% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 39% against the previous month. As a result, import price attained the peak level of $279 per ton. From November 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 Spain ($481 per ton), while the price for Russia ($144 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 Spain (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mineral Substances Not Elsewhere Specified or Included in Belarus (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $243 per ton in 2022, rising by 64% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mineral substances not elsewhere specified or includeds increased by +76.8% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($421 per ton), while the average price for exports to Ukraine ($170 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 Germany (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Belarus
For the fourth year in a row, Belarus recorded growth in purchases abroad of mineral substances not elsewhere specified or includeds, which increased by 12% to 19K tons in 2022. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mineral substances not elsewhere specified or includeds contracted slightly to $3M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 6.2%.
| Import of Mineral Substances Not Elsewhere Specified or Included in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2,486 | 2,614 | 2,384 | 2,311 | -2.4% |
| China | 15.1 | 21.2 | 266 | 253 | 155.9% |
| Slovakia | 107 | 103 | 63.3 | 84.5 | -7.6% |
| Ukraine | 30.5 | 13.9 | 39.6 | 37.6 | 7.2% |
| Others | 163 | 224 | 314 | 317 | 24.8% |
| Total | 2,802 | 2,976 | 3,067 | 3,002 | 2.3% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Belarus in 2022:
- Russia (16.7K tons)
- China (0.7K tons)
- Slovakia (0.7K tons)
- Ukraine (0.4K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Belarus
For the fourth consecutive year, Belarus recorded growth in overseas shipments of mineral substances not elsewhere specified or includeds, which increased by 6.8% to 11K tons in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 56%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of mineral substances not elsewhere specified or includeds skyrocketed to $2.7M in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 239 | 504 | 775 | 1,295 | 75.6% |
| Moldova | 15.9 | 201 | 481 | 804 | 269.8% |
| Ukraine | 193 | 178 | 252 | 422 | 29.8% |
| Latvia | 183 | 107 | 30.5 | 176 | -1.3% |
| Others | 19.1 | 3.3 | 9.9 | 5.9 | -32.4% |
| Total | 651 | 994 | 1,548 | 2,703 | 60.7% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Belarus in 2022:
- Russia (4.3K tons)
- Moldova (4.0K tons)
- Ukraine (2.5K tons)
- Latvia (0.4K tons)
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