Price for Ferrous Waste and Scrap; of Stainless Steel in Belarus - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Stainless Steel in Belarus (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Stainless Steel in Belarus (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Stainless Steel in Belarus
4. Imports of Ferrous Waste and Scrap; of Stainless Steel in Belarus

Price for Ferrous Waste and Scrap; of Stainless Steel in Belarus (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $1,594 per ton in 2022, dropping by -9.4% against the previous year. In general, the export price showed a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 67% against the previous year. The export price peaked at $1,860 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,689 per ton), while the average price for exports to Ukraine ($1,120 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Belarus (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,166 per ton, which is down by -23.6% against the previous year. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 15%. The import price peaked at $1,876 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bosnia and Herzegovina ($3,491 per ton), while the price for Russia ($539 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.1%).

Exports of Ferrous Waste and Scrap; of Stainless Steel in Belarus

In 2022, overseas shipments of ferrous waste and scrap; of stainless steels decreased by -12% to 2.9K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, the exports reached the peak of 4.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of ferrous waste and scrap; of stainless steels contracted sharply to $4.6M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year.

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Belarus in 2022:

1. Latvia (1022.7 tons)
2. Lithuania (625.7 tons)
3. Ukraine (608.0 tons)
4. Poland (457.7 tons)
5. Estonia (107.1 tons)
6. Germany (32.2 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Belarus

After three years of growth, purchases abroad of ferrous waste and scrap; of stainless steels decreased by -80.4% to 50 tons in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 608% against the previous year.

In value terms, imports of ferrous waste and scrap; of stainless steels dropped notably to $59K in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 711% against the previous year.

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Belarus in 2022:

1. Russia (35.6 tons)
2. Kazakhstan (13.0 tons)
3. Bosnia and Herzegovina (1.7 tons)

Source: IndexBox Market Intelligence Platform