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Belarus - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBelarus: Market for Oxides Of Boron and Boric Acids 2024
Market Size for Oxides Of Boron and Boric Acids in Belarus
The Belarusian market for oxides of boron and boric acids skyrocketed to $X in 2021, jumping by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a slight reduction. Boron oxide and boric acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
Exports of Oxides Of Boron and Boric Acids
Exports from Belarus
In 2021, overseas shipments of oxides of boron and boric acids increased by 514% to X tons, rising for the sixth consecutive year after three years of decline. Over the period under review, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Russia (X tons) was the main destination for boron oxide and boric acid exports from Belarus, accounting for a 90% share of total exports. Moreover, boron oxide and boric acid exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), ninefold.
From 2012 to 2021, the average annual growth rate of volume to Russia stood at +16.9%.
In value terms, Russia ($X) remains the key foreign market for oxides of boron and boric acids exports from Belarus, comprising 98% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 2.4% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +21.7%.
Export Prices by Country
The average export price for oxides of boron and boric acids stood at $X per ton in 2021, growing by 7.3% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boron oxide and boric acid export price increased by +29.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 70%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Uzbekistan stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.1%).
Imports of Oxides Of Boron and Boric Acids
Imports into Belarus
In 2021, boron oxide and boric acid imports into Belarus soared to X tons, with an increase of 19% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 20%. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, boron oxide and boric acid imports surged to $X in 2021. Overall, imports, however, showed a noticeable downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Russia (X tons) constituted the largest supplier of boron oxide and boric acid to Belarus, with a 77% share of total imports. Moreover, boron oxide and boric acid imports from Russia exceeded the figures recorded by the second-largest supplier, Latvia (X tons), fivefold.
From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+30.2% per year) and Turkey (-24.7% per year).
In value terms, Russia ($X) constituted the largest supplier of oxides of boron and boric acids to Belarus, comprising 77% of total imports. The second position in the ranking was taken by Latvia ($X), with a 16% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+27.5% per year) and Turkey (-28.7% per year).
Import Prices by Country
In 2021, the average import price for oxides of boron and boric acids amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, recorded a perceptible contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Latvia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (-2.1%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for boron oxide and boric acid 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 20132462 -
- Prodcom 20132465 -
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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