Report Update: May 6, 2024

Belarus - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights

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Petroleum Bitumen Price in Belarus - 2022

Petroleum Bitumen Price in Belarus (FOB) - 2022

In April 2021, the average petroleum bitumen export price amounted to $445 per ton, growing by 16% against the previous month. Over the last one months, it increased at an average monthly rate of +16.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In April 2021, the country with the highest price was Ukraine ($447 per ton), while the average price for exports to Lithuania totaled $412 per ton.

From March 2021 to April 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+16.7%).

Petroleum Bitumen Price in Belarus (CIF) - 2022

The average petroleum bitumen import price stood at $249 per ton in April 2021, surging by 5.1% against the previous month. Over the last three months, it increased at an average monthly rate of +8.3%. The most prominent rate of growth was recorded in February 2021 an increase of 15% month-to-month. Over the period under review, average import prices hit record highs in April 2021.

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

From January 2021 to April 2021, the rate of growth in terms of prices for Russia amounted to +7.9% per month.

Petroleum Bitumen Exports in Belarus

In 2022, shipments abroad of petroleum bitumen decreased by -81.7% to 126K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. As a result, the exports reached the peak of 701K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, petroleum bitumen exports contracted dramatically to $56M in 2022. In general, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year.

Export of Petroleum Bitumen in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	130	188	251	48.4	-28.1%
Moldova	12.5	11.2	16.3	3.1	-37.2%
Estonia	8.2	8.0	11.5	2.2	-35.5%
Kazakhstan	N/A	2.4	3.2	0.6	-50.0%
Russia	3.2	0.7	2.2	0.5	-46.1%
Others	4.3	8.1	5.3	1.0	-38.5%
Total	158	218	290	55.9	-29.3%

Top Export Markets for Petroleum Bitumen from Belarus in 2022:

Ukraine (105.3K tons)
Moldova (6.7K tons)
Estonia (6.2K tons)
Russia (2.6K tons)
Kazakhstan (2.5K tons)

Petroleum Bitumen Imports in Belarus

In 2022, imports of petroleum bitumen into Belarus totaled 27K tons, remaining stable against 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 728%. As a result, imports attained the peak of 36K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, petroleum bitumen imports totaled $7.5M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 629% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Import of Petroleum Bitumen in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	0.6	4.8	7.3	7.3	130.0%
Latvia	N/A	0.2	N/A	N/A	0%
Others	0.1	0.1	0.1	0.1	0.0%
Total	0.7	5.1	7.4	7.5	120.5%

Top Suppliers of Petroleum Bitumen to Belarus in 2022:

Russia (26.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the petroleum bitumen 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:

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023