Metals; Platinum, Semi-Manufactured Price in Belarus - 2022

Metals; Platinum, Semi-Manufactured Price in Belarus (CIF) - 2022

In 2022, the average metals; platinum, semi-manufactured import price amounted to $81,646,270 per ton, rising by 28% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 39%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +6.5% per year.

Metals; Platinum, Semi-Manufactured Price in Belarus (FOB) - 2022

The average metals; platinum, semi-manufactured export price stood at $81,107,000 per ton in 2021, flattening at the previous year. Over the period under review, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2017 a decrease of -51.6% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2016 to 2021, the rate of growth in terms of prices for Switzerland amounted to +67.7% per year.

Metals; Platinum, Semi-Manufactured Imports in Belarus

In 2022, overseas purchases of metals; platinum, semi-manufactureds decreased by -21.5% to 496 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of 632 kg, and then contracted sharply in the following year.

In value terms, metals; platinum, semi-manufactured imports stood at $40M in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 144%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Metals; Platinum, Semi-Manufactured in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	13.7	16.5	40.3	40.5	43.5%
Others	N/A	N/A	N/A	N/A	0%
Total	13.7	16.5	40.3	40.5	43.5%

Top Suppliers of Metals; Platinum, Semi-Manufactured to Belarus in 2022:

Russia (495.0 kg)

Metals; Platinum, Semi-Manufactured Exports in Belarus

In 2021, approx. 1 kg of metals; platinum, semi-manufactureds were exported from Belarus; standing approx. at the previous year. In general, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, metals; platinum, semi-manufactured exports totaled $81K in 2021. Over the period under review, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.