Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus (CIF) - 2022
In March 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $999 per ton, which is down by -31.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 25% against the previous month. As a result, import price reached the peak level of $1,467 per ton, and then contracted dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Luxembourg ($2,166 per ton), while the price for Kazakhstan ($799 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,075 per ton in 2022, with an increase of 9.5% against the previous year. In general, the export price recorded pronounced growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 173%. As a result, the export price attained the peak level of $1,943 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, 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 +5.0% per year.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus
For the third consecutive year, Belarus recorded decline in purchases abroad of iron or non-alloy steel wire, plated or coated with zincs, which decreased by -8.6% to 9K tons in 2022. In general, imports continue to indicate a deep contraction. The smallest decline of -2.8% was in 2020.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs rose remarkably to $13M in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.8 | 5.6 | 8.1 | 8.3 | 12.7% |
| Ukraine | 2.5 | 1.3 | 2.3 | 2.3 | -2.7% |
| China | 0.8 | 0.7 | 0.5 | 0.7 | -4.4% |
| Germany | 1.5 | 0.1 | 0.2 | 0.6 | -26.3% |
| Poland | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Others | 1.0 | 0.4 | 0.6 | 0.8 | -7.2% |
| Total | 11.8 | 8.4 | 11.8 | 12.9 | 3.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Belarus in 2022:
- Russia (6.1K tons)
- Ukraine (1.7K tons)
- China (0.6K tons)
- Poland (0.2K tons)
- Germany (0.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus
After three years of growth, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -63.4% to 274 tons in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 156%.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs shrank sharply to $295K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 182%.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 98.7 | 129 | 85.4 | 259 | 37.9% |
| Poland | N/A | 168 | 628 | N/A | 273.8% |
| Others | 13.1 | 17.4 | 22.4 | 35.7 | 39.7% |
| Total | 112 | 315 | 736 | 295 | 38.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Belarus in 2022:
- Russia (265.2 tons)
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