Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $3,527 per ton, approximately reflecting the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 86% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Jordan.
From 2012 to 2022, the rate of growth in terms of prices for Jordan amounted to +17.4% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $3,883 per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, showed a strong expansion. The growth pace was the most rapid in 2020 when the average import price increased by 210%. The import price peaked at $3,883 per ton in 2021, and then fell modestly in the following year.
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 +11.4% per year.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus
For the third consecutive year, Belarus recorded decline in overseas shipments of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -13.1% to 11 tons in 2022. In general, exports showed a abrupt contraction. The smallest decline of -13.1% was in 2021.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s reduced to $40K in 2022. Overall, exports continue to indicate a abrupt curtailment. The smallest decline of -11.9% was in 2020.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 59.1 | 52.0 | 45.8 | 40.3 | -12.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 59.1 | 52.0 | 45.8 | 40.4 | -11.9% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Belarus in 2022:
- Jordan (11.4 tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Belarus reached 4.3 tons in 2022, approximately equating 2021. Over the period under review, imports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $17K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 13.8 | 8.7 | 16.8 | 16.9 | 7.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.8 | 8.7 | 16.8 | 16.9 | 7.0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Belarus in 2022:
- Russia (4.3 tons)
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