Belarus: Silicates Market 2024

Silicates Market Size in Belarus

The Belarusian silicates market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption posted a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silicates Production in Belarus

In value terms, silicates production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Silicates Exports

Exports from Belarus

In 2021, after two years of growth, there was significant decline in overseas shipments of silicates, commercial alkali metal silicates, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped in the following year.

In value terms, silicates exports shrank to $X in 2021. In general, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for silicates exports from Belarus, accounting for a X% share of total exports. Moreover, silicates exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Poland (X.5% per year).

In value terms, Russia ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Poland (X.3% per year).

Export Prices by Country

In 2021, the average silicates export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Silicates Imports

Imports into Belarus

In 2021, purchases abroad of silicates, commercial alkali metal silicates decreased by X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silicates imports dropped sharply to $X in 2021. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Ukraine (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of silicates imports to Belarus, together comprising X% of total imports. Germany, the Netherlands, Japan and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Russia ($X) and the Netherlands ($X) appeared to be the largest silicates suppliers to Belarus, together comprising X% of total imports. Germany, Poland, Japan and China lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicates import price stood at $X per ton in 2021, declining by X% against the previous year. In general, the import price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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