Insulating Board Market in Belarus
Market Overview
The Belarusian insulating board market amounted to $
in , with an increase of % 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, however, showed a relatively flat trend pattern. Insulating board consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
In value terms, insulating board production rose sharply to $ in estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2009 with an increase of %. Over the period under review, production attained the peak level at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
in , with an increase of % 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, however, showed a relatively flat trend pattern. Insulating board consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.In value terms, insulating board production rose sharply to $
in estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2009 with an increase of %. Over the period under review, production attained the peak level at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.Consumption
Insulating board consumption in Belarus stood at cubic meters in , increasing by % on the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume of cubic meters. From 2017 to , the growth of the consumption remained at a somewhat lower figure.
The value of the insulating board market in Belarus rose to $ in , with an increase of % 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). In general, consumption, however, saw a relatively flat trend pattern. Insulating board consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
cubic meters in , increasing by % on the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume of cubic meters. From 2017 to , the growth of the consumption remained at a somewhat lower figure.The value of the insulating board market in Belarus rose to $
in , with an increase of % 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). In general, consumption, however, saw a relatively flat trend pattern. Insulating board consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for insulating board in Belarus, the market is expected to continue its downward consumption trend over the next eight years. 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
Over the period under review, the share of imports in terms of total insulating board consumption in Belarus was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Belarus insulating board market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the Belarus insulating board market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Belarus remains a net exporter of insulating board; in physical and value terms, exports consistently exceeded imports from 2008 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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