Veneer Sheets Market in Belarus
Market Overview
The Belarusian veneer sheets market declined significantly to $
in , reducing by -% 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 saw a slight reduction. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption failed to regain momentum.
In value terms, veneer sheets production rose to $ in estimated in export price. Over the period under review, production, however, saw a perceptible increase. The pace of growth was the most pronounced in 2016 when the production volume increased by %. Veneer sheets production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.
in , reducing by -% 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 saw a slight reduction. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption failed to regain momentum.In value terms, veneer sheets production rose to $
in estimated in export price. Over the period under review, production, however, saw a perceptible increase. The pace of growth was the most pronounced in 2016 when the production volume increased by %. Veneer sheets production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.Consumption
In , the amount of veneer sheets consumed in Belarus shrank to cubic meters, declining by -% compared with the year before. Overall, consumption recorded a pronounced contraction. As a result, consumption attained the peak volume of cubic meters. From 2017 to , the growth of the consumption remained at a somewhat lower figure.
The revenue of the veneer sheets market in Belarus reduced remarkably to $ in , waning by -% 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). Over the period under review, consumption recorded a slight shrinkage. Veneer sheets consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.
, the amount of veneer sheets consumed in Belarus shrank to cubic meters, declining by -% compared with the year before. Overall, consumption recorded a pronounced contraction. As a result, consumption attained the peak volume of cubic meters. From 2017 to , the growth of the consumption remained at a somewhat lower figure.The revenue of the veneer sheets market in Belarus reduced remarkably to $
in , waning by -% 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). Over the period under review, consumption recorded a slight shrinkage. Veneer sheets consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for veneer sheets in Belarus, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to cubic meters by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to cubic meters by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Belarus increased significantly over the last fifteen years (from % to %). Veneer sheets market in Belarus remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.
% to %). Veneer sheets market in Belarus remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.Trade Balance
Belarus remains a net exporter of veneer sheets; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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