Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus - 2022

Contents:

1. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus (CIF) - 2022
2. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus (FOB) - 2022
3. Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus
4. Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus (CIF) - 2022

In March 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $3,989 per ton, with an increase of 4.3% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2021 an increase of 40% month-to-month. As a result, import price reached the peak level of $4,522 per ton. From January 2022 to March 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($8,701 per ton), while the price for India ($3,250 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 Poland (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus (FOB) - 2022

The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $6,600 per ton in March 2022, increasing by 45% against the previous month. Over the period under review, export price indicated noticeable growth from March 2021 to March 2022: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for stainless steel bars and rods, angles, shapes and sectionses increased by +45.0% against February 2022 indices. The most prominent rate of growth was recorded in December 2021 when the average export price increased by 104% m-o-m. Over the period under review, the average export prices hit record highs in March 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($16,988 per ton), while the average price for exports to Russia totaled $5,360 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus

In 2022, after three years of growth, there was significant decline in purchases abroad of stainless steel bars and rods, angles, shapes and sectionses, when their volume decreased by -8.8% to 2.2K tons. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 7.3%.

In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $10M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +79.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Belarus in 2022:

1. Russia (1367.8 tons)
2. India (326.5 tons)
3. China (139.6 tons)
4. Ukraine (72.7 tons)
5. Germany (64.2 tons)
6. Turkey (59.8 tons)
7. Lithuania (35.7 tons)

Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Belarus

In 2022, shipments abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -38.1% to 322 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. As a result, the exports reached the peak of 626 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses declined to $1.9M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 decreased by -25.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Belarus in 2022:

1. Ukraine (179.9 tons)
2. Russia (139.6 tons)

Source: IndexBox Market Intelligence Platform