Belarus: Slaked Lime Market 2024

Slaked Lime Market Size in Belarus

The Belarusian slaked lime market surged to $X in 2021, growing by 21% against the previous year. Over the period under review, consumption, however, continues to indicate a drastic downturn. Slaked lime consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Slaked Lime Production in Belarus

In value terms, slaked lime production soared to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. Slaked lime production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Slaked Lime Exports

Exports from Belarus

For the sixth year in a row, Belarus recorded decline in shipments abroad of slaked lime, which decreased by -4.2% to X tons in 2021. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by 25%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, slaked lime exports amounted to $X in 2021. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 24%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for slaked lime exports from Belarus, accounting for a 56% share of total exports. Moreover, slaked lime exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. The third position in this ranking was held by Lithuania (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+3.8% per year) and Lithuania (+44.6% per year).

In value terms, Russia ($X) remains the key foreign market for slaked lime exports from Belarus, comprising 50% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 23% share of total exports. It was followed by Ukraine, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+44.8% per year) and Ukraine (+6.7% per year).

Export Prices by Country

The average slaked lime export price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Russia ($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 Ukraine (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Slaked Lime Imports

Imports into Belarus

In 2021, supplies from abroad of slaked lime increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 485%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, slaked lime imports skyrocketed to $X in 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 466%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of slaked lime imports to Belarus, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +148.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Germany ($X) appeared to be the largest slaked lime suppliers to Belarus, together comprising 100% of total imports.

Among the main suppliers, Germany, with a CAGR of +144.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average slaked lime import price amounted to $X per ton, growing by 6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 28%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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