Belarus: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Belarus

The Belarusian glass fibre mat market reduced rapidly to $X in 2022, which is down by -27.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Belarus

In 2022, after eight years of growth, there was decline in overseas shipments of glass fibre mats, when their volume decreased by -1.8% to X tons. Overall, exports saw a mild contraction. The growth pace was the most rapid in 2014 with an increase of 20%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre mat exports fell to $X in 2022. In general, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 8%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Russia (X tons) and the Czech Republic (X tons) were the main destinations of glass fibre mat exports from Belarus, with a combined 60% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +15.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the largest markets for glass fibre mat exported from Belarus worldwide, with a combined 56% share of total exports. Germany, Serbia, Slovakia and Ukraine lagged somewhat behind, together accounting for a further 7.8%.

Serbia, with a CAGR of +17.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. In general, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2015 an increase of 5.7% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Slovakia ($X 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 Serbia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Belarus

Glass fibre mat imports into Belarus shrank sharply to X tons in 2022, with a decrease of -20.4% compared with the year before. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 69%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports declined dramatically to $X in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 153%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest glass fibre mat supplier to Belarus, with a 70% share of total imports. Moreover, glass fibre mat imports from Russia exceeded the figures recorded by the second-largest supplier, the UK (X tons), sevenfold. The third position in this ranking was held by India (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+14.2% per year) and India (-2.1% per year).

In value terms, Russia ($X), the UK ($X) and India ($X) appeared to be the largest glass fibre mat suppliers to Belarus, with a combined 72% share of total imports.

Among the main suppliers, the UK, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2022, which is down by -12.4% against the previous year. In general, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 50%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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