Price for Safety Pins and Other Pins; of Iron or Steel in Belarus - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Belarus (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Belarus (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Belarus
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Belarus

Price for Safety Pins and Other Pins; of Iron or Steel in Belarus (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $5,654 per ton, which is down by -15.8% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 78%. Over the period under review, average import prices hit record highs at $12,555 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Russia ($20,289 per ton), while the price for China totaled $4,868 per ton.

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

Price for Safety Pins and Other Pins; of Iron or Steel in Belarus (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $1,043 per ton in 2022, dropping by -4.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 an increase of 94% against the previous year. As a result, the export price reached the peak level of $4,751 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($8,393 per ton), while the average price for exports to Indonesia ($665 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 (+71.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Safety Pins and Other Pins; of Iron or Steel in Belarus

In 2022, approx. 47 tons of safety pins and other pins; of iron or steels were imported into Belarus; with an increase of 32% compared with the year before. Overall, imports saw strong growth. The growth pace was the most rapid in 2021 with an increase of 56%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of safety pins and other pins; of iron or steels expanded notably to $268K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +83.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Belarus in 2022:

1. China (45.2 tons)
2. Russia (1.7 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Belarus

In 2022, exports of safety pins and other pins; of iron or steels from Belarus rose modestly to 33 tons, growing by 1.7% on the year before. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of safety pins and other pins; of iron or steels dropped modestly to $34K in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, the exports reached the peak of $35K, and then reduced in the following year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Belarus in 2022:

1. Ukraine (28.9 tons)
2. Indonesia (3.0 tons)
3. Portugal (0.6 tons)
4. Lithuania (0.1 tons)

Source: IndexBox Market Intelligence Platform