Belarus: Sulphur Market 2022

Sulphur Market Size in Belarus

In 2021, after two years of decline, there was significant growth in the Belarusian sulphur market, when its value increased by X% to $X. In general, consumption, however, continues to indicate a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sulphur Production in Belarus

In value terms, sulphur production reduced notably to $X in 2021 estimated in export price. In general, production showed a deep slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020, and then contracted significantly in the following year.

Sulphur Exports

Exports from Belarus

In 2021, exports of sulphur from Belarus surged to X tons, growing by X% on 2020. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphur exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for sulphur exports from Belarus, with a X% share of total exports. Moreover, sulphur exports to Lithuania exceeded the volume sent to the second major destination, Ukraine (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Lithuania stood at +X%.

In value terms, Lithuania ($X) emerged as the key foreign market for sulphur exports from Belarus, comprising X% of total exports. The second position in the ranking was occupied by Ukraine ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Lithuania totaled +X%.

Export Prices by Country

In 2021, the average sulphur export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2020, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Ukraine amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+X%).

Sulphur Imports

Imports into Belarus

In 2021, supplies from abroad of sulphur increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphur imports surged to $X in 2021. Over the period under review, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the main supplier of sulphur to Belarus, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +X%.

In value terms, Russia ($X) constituted the largest supplier of sulphur to Belarus.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +X%.

Import Prices by Country

The average sulphur import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price 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, sulphur import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +X% per year.

Source: IndexBox Platform