Ferro-Alloys; Ferro-Vanadium Price in Belarus - 2022

Contents:

  1. Ferro-Alloys; Ferro-Vanadium Price in Belarus (CIF) - 2022
  2. Ferro-Alloys; Ferro-Vanadium Price in Belarus (FOB) - 2022
  3. Ferro-Alloys; Ferro-Vanadium Imports in Belarus
  4. Ferro-Alloys; Ferro-Vanadium Exports in Belarus

Ferro-Alloys; Ferro-Vanadium Price in Belarus (CIF) - 2022

In March 2022, the average ferro-alloys; ferro-vanadium import price amounted to $27,893 per ton, picking up by 29% against the previous month. Over the period under review, the import price showed a pronounced expansion. The most prominent rate of growth was recorded in August 2021 an increase of 1,690% month-to-month. The import price peaked at $31,209 per ton in October 2021; however, from November 2021 to March 2022, import prices failed to regain momentum.

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

From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to +1.2% per month.

Ferro-Alloys; Ferro-Vanadium Price in Belarus (FOB) - 2022

In 2022, the average ferro-alloys; ferro-vanadium export price amounted to $16,984 per ton, jumping by 1,598% against the previous year. Overall, the export price, however, recorded a slight setback. The export price peaked at $37,487 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($17,160 per ton), while the average price for exports to Uzbekistan stood at $14,233 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-1.0%).

Ferro-Alloys; Ferro-Vanadium Imports in Belarus

In 2022, after two years of decline, there was significant decline in overseas purchases of ferro-alloys; ferro-vanadia, when their volume decreased by -67.3% to 28 tons. In general, imports saw a sharp decline.

In value terms, ferro-alloys; ferro-vanadium imports declined notably to $1.4M in 2022. Overall, imports saw a precipitous setback.

Import of Ferro-Alloys; Ferro-Vanadium in Belarus (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia6.5N/A2.81.4-40.1%
China0.1N/A0.1N/A0.0%
OthersN/AN/A0.4N/A0%
Total6.7N/A3.31.4-40.7%

Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Belarus in 2022:

  1. Russia (27.4 tons)
  2. China (0.5 tons)

Ferro-Alloys; Ferro-Vanadium Exports in Belarus

In 2022, exports of ferro-alloys; ferro-vanadia from Belarus skyrocketed to 500 kg, increasing by 16,567% compared with 2021. Overall, exports, however, recorded a significant curtailment.

In value terms, ferro-alloys; ferro-vanadium exports surged to $8.5K in 2022. Over the period under review, exports, however, saw a precipitous shrinkage.

Export of Ferro-Alloys; Ferro-Vanadium in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ukraine195N/AN/A8.1-65.4%
UzbekistanN/AN/AN/A0.40%
OthersN/AN/AN/AN/A0%
Total195N/AN/A8.5-64.8%

Top Export Markets for Ferro-Alloys; Ferro-Vanadium from Belarus in 2022:

  1. Ukraine (470.0 kg)
  2. Uzbekistan (30.0 kg)

Source: IndexBox Market Intelligence Platform

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