Report Update: Apr 1, 2024

Belarus - Worked Articles Of Wax - Market Analysis, Forecast, Size, Trends And Insights

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Worked Wax Articles Price in Belarus - 2022

Worked Wax Articles Price in Belarus (CIF) - 2022

In 2022, the average worked wax articles import price amounted to $5.1 per thousand units, rising by 92% against the previous year. In general, the import price, however, showed a mild descent. Over the period under review, average import prices attained the maximum at $6.9 per thousand units in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($18 per thousand units), while the price for China ($2 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Worked Wax Articles Price in Belarus (FOB) - 2022

In 2022, the average worked wax articles export price amounted to $4 per thousand units, waning by -22.7% against the previous year. In general, the export price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of 286%. Over the period under review, the average export prices reached the peak figure at $5.2 per thousand units in 2021, and then shrank notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($13 per thousand units), while the average price for exports to Russia stood at $0.4 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+2.8%), while the prices for the other major destinations experienced a decline.

Worked Wax Articles Imports in Belarus

After three years of growth, supplies from abroad of worked articles of wax decreased by -66% to 320M units in 2022. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports reached the peak of 941M units, and then reduced sharply in the following year.

In value terms, worked wax articles imports reduced rapidly to $1.6M in 2022. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, imports reached the peak of $2.5M, and then shrank dramatically in the following year.

Import of Worked Wax Articles in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	1,150	1,371	1,342	861	-9.2%
Croatia	447	561	551	353	-7.6%
China	54.3	43.5	248	159	43.1%
Belgium	107	127	192	123	4.8%
France	53.9	4.0	105	67.4	7.7%
India	132	64.3	16.3	44.8	-30.2%
Others	7.0	6.2	20.5	6.4	-2.9%
Total	1,951	2,177	2,476	1,615	-6.1%

Top Suppliers of Worked Wax Articles to Belarus in 2022:

Russia (170.9M units)
China (80.8M units)
Croatia (48.7M units)
Belgium (9.5M units)
France (5.8M units)
India (2.5M units)

Worked Wax Articles Exports in Belarus

In 2022, approx. 134M units of worked articles of wax were exported from Belarus; with an increase of 6.8% on 2021. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 37%. As a result, the exports reached the peak of 281M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, worked wax articles exports fell significantly to $537K in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 126%. Over the period under review, the exports attained the peak figure at $649K in 2021, and then contracted notably in the following year.

Export of Worked Wax Articles in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	214	503	607	495	32.3%
Russia	44.5	82.0	30.5	42.0	-1.9%
Others	N/A	0.3	12.2	N/A	3966.7%
Total	259	585	649	537	27.5%

Top Export Markets for Worked Wax Articles from Belarus in 2022:

Russia (97.0M units)
Lithuania (37.2M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the worked wax articles 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 32995940 - Worked vegetable or mineral..., moulded... articles of wax, s tearin,

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