Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus - 2022

Contents:

1. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus
4. Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus (CIF) - 2022

In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,256 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a mild reduction. The growth pace was the most rapid in 2020 when the average import price increased by 21% against the previous year. The import price peaked at $4,246 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($4,840 per ton), while the price for Turkey ($1,241 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.0%), while the prices for the other major suppliers experienced a decline.

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus (FOB) - 2022

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,490 per ton, increasing by 86% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($8,383 per ton), while the average price for exports to the Czech Republic ($2,700 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 Kazakhstan (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus

In 2022, imports of iron or steel cast fittings, other than of non-malleable cast ira into Belarus fell sharply to 331 tons, shrinking by -75.8% against the year before. In general, imports saw a sharp decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 33%.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira shrank notably to $1.1M in 2022. Overall, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 28%.

Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Belarus in 2022:

1. China (179.3 tons)
2. Russia (101.4 tons)
3. Poland (27.7 tons)
4. Bulgaria (8.1 tons)

Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Belarus

In 2022, overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira decreased by -43.7% to 8.8 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 6.7%.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira totaled $31K in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Belarus in 2022:

1. Czech Republic (6.9 tons)
2. Kazakhstan (0.9 tons)
3. Australia (0.5 tons)
4. Armenia (0.5 tons)

Source: IndexBox Market Intelligence Platform