Belarus: Sulphuric Acid Market 2022

Sulphuric Acid Market Size in Belarus

In 2021, the Belarusian sulphuric acid market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Sulphuric Acid Production in Belarus

In value terms, sulphuric acid production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Sulphuric Acid Exports

Exports from Belarus

In 2021, shipments abroad of sulphuric acid and oleum decreased by -X% to X tons, falling for the third year in a row after five years of growth. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sulphuric acid exports declined sharply to $X in 2021. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons) was the main destination for sulphuric acid exports from Belarus, accounting for a X% share of total exports. Moreover, sulphuric acid exports to Ukraine exceeded the volume sent to the second major destination, Lithuania (X tons), fivefold. The third position in this ranking was occupied by Russia (X tons), with a X% share.

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

In value terms, Ukraine ($X) remains the key foreign market for sulphuric acid exports from Belarus, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

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

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2021, picking up by X% against the previous year. In general, export price indicated a prominent increase 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, sulphuric acid export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($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 more modest paces of growth.

Sulphuric Acid Imports

Imports into Belarus

In 2021, overseas purchases of sulphuric acid and oleum increased by X% to X tons, rising for the fifth consecutive year after three years of decline. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the main supplier of sulphuric acid to Belarus, with a approx. X% share of total imports.

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

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

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

Import Prices by Country

In 2021, the average sulphuric acid import price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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