Report Update: May 1, 2024

Belarus - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Nitric and Sulphonitric Acids in Belarus - 2022

Price for Nitric and Sulphonitric Acids in Belarus (FOB) - 2022

In March 2022, the average nitric and sulphonitric acids export price amounted to $145 per ton, falling by -22.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 an increase of 16% month-to-month. The export price peaked at $187 per ton in February 2022, and then reduced notably in the following month.

As there is only one major export destination, the average price level is determined by prices for Russia.

From March 2021 to March 2022, the rate of growth in terms of prices for Ukraine amounted to +4.7% per month.

Price for Nitric and Sulphonitric Acids in Belarus (CIF) - 2022

The average nitric and sulphonitric acids import price stood at $5,709 per ton in 2021, reducing by -9% against the previous year. Overall, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 61%. Over the period under review, average import prices reached the peak figure at $17,459 per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($193,033 per ton), while the price for Poland ($190,010 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-13.6%), while the prices for the other major suppliers experienced a decline.

Exports of Nitric and Sulphonitric Acids in Belarus

After three years of growth, overseas shipments of nitric acid and sulphonitric acids decreased by -37.4% to 2.5K tons in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 410% against the previous year.

In value terms, nitric and sulphonitric acids exports shrank notably to $827K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 623% against the previous year.

Export of Nitric and Sulphonitric Acids in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Russia	25.7	318	667	409.4%
Ukraine	47.9	307	356	172.6%
Others	13.7	5.3	0.1	-91.5%
Total	87.3	631	1,023	242.3%

Top Export Markets for Nitric and Sulphonitric Acids from Belarus in 2022:

Russia (2.3K tons)
Ukraine (1.2K tons)

Imports of Nitric and Sulphonitric Acids in Belarus

Nitric and sulphonitric acids imports into Belarus contracted slightly to 51 tons in 2022, remaining stable against 2021. Overall, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 0.8%.

In value terms, nitric and sulphonitric acids imports expanded slightly to $304K in 2022. Over the period under review, imports recorded a precipitous slump.

Import of Nitric and Sulphonitric Acids in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Russia	222	135	202	-4.6%
Ukraine	649	160	67.8	-67.7%
Poland	20.3	13.6	11.6	-24.4%
Others	15.0	8.5	9.0	-22.5%
Total	906	317	291	-43.3%

Top Suppliers of Nitric and Sulphonitric Acids to Belarus in 2022:

Russia (1.0 tons)
Ukraine (0.4 tons)
Poland (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric acids

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