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Belarus - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Mineral Wool Market 2022

Mineral Wool Market Size in Belarus

In 2021, the Belarusian mineral wool market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a slight downturn. Mineral wool consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Mineral Wool Production in Belarus

In value terms, mineral wool production expanded to $X in 2021 estimated in export price. Overall, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Mineral Wool Exports

Exports from Belarus

In 2021, mineral wool exports from Belarus declined sharply to X tons, with a decrease of -X% compared with 2020 figures. Over the period under review, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mineral wool exports declined to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Russia (X tons) and Moldova (X tons) were the main destinations of mineral wool exports from Belarus, with a combined X% share of total exports. Italy, the Czech Republic, Bulgaria and Romania lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mineral wool exported from Belarus were Ukraine ($X), Russia ($X) and Moldova ($X), together accounting for X% of total exports. These countries were followed by the Czech Republic, Italy, Bulgaria and Romania, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of 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

In 2021, the average mineral wool export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a perceptible descent. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Russia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Romania ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Mineral Wool Imports

Imports into Belarus

Mineral wool imports into Belarus dropped significantly to X tons in 2021, declining by -X% compared with the previous year's figure. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, mineral wool imports reached $X in 2021. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest mineral wool supplier to Belarus, accounting for a X% share of total imports. Moreover, mineral wool imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sevenfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-X% per year) and Poland (-X% per year).

In value terms, Russia ($X) constituted the largest supplier of mineral wool to Belarus, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-X% per year) and Poland (-X% per year).

Import Prices by Country

In 2021, the average mineral wool import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 53% of global consumption. Japan, Russia, Mexico, South Korea, Canada, Germany, Spain, Thailand, France and Saudi Arabia lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, together comprising 53% of global production. These countries were followed by Japan, Russia, Mexico, South Korea, Germany, Spain, Canada, Thailand, the Netherlands and Saudi Arabia, which together accounted for a further 30%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to Belarus?

In value terms, Russia constituted the largest supplier of mineral wool to Belarus, comprising 74% of total imports. The second position in the ranking was taken by Ukraine, with a 12% share of total imports. It was followed by Poland, with a 9.3% share.

What are the leading importers of slag wool, rock wool and similar mineral wools and mixtures from Belarus?

In value terms, Ukraine, Russia and Moldova were the largest markets for mineral wool exported from Belarus worldwide, together accounting for 59% of total exports. These countries were followed by the Czech Republic, Italy, Bulgaria and Romania, which together accounted for a further 24%.

What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in Belarus?

The average mineral wool export price stood at $458 per ton in 2021, increasing by 18% against the previous year.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in Belarus?

The average mineral wool import price stood at $575 per ton in 2021, increasing by 43% against the previous year.

This report provides an in-depth analysis of the mineral wool 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 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance