Price for Stainless Steel in Ingots or Other Primary Forms in Belarus - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Belarus (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Belarus (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Belarus
- Exports of Stainless Steel in Ingots or Other Primary Forms in Belarus
Price for Stainless Steel in Ingots or Other Primary Forms in Belarus (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $5,646 per ton, increasing by 13% against the previous year. In general, the import price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2013 an increase of 47% against the previous year. As a result, import price attained the peak level of $15,309 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($15,504 per ton), while the price for Russia ($3,248 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel in Ingots or Other Primary Forms in Belarus (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $3,663 per ton, rising by 13% against the previous year. Over the period under review, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 79% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,769 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,228 per ton), while the average price for exports to the Netherlands amounted to $3,234 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Belarus
In 2022, approx. 63 tons of stainless steel in ingots or other primary forms were imported into Belarus; jumping by 22% on the previous year's figure. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $353K in 2022. Over the period under review, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.2% 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 +92.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Stainless Steel in Ingots or Other Primary Forms in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 70.8 | 81.6 | 48.8 | 112 | 16.5% |
| Czech Republic | 0.5 | 33.1 | 87.7 | 73.7 | 428.2% |
| China | 30.7 | 23.6 | 34.2 | 50.9 | 18.4% |
| Ukraine | 96.3 | 24.1 | 43.2 | 39.3 | -25.8% |
| Germany | 77.2 | 0.6 | 13.2 | 37.8 | -21.2% |
| Taiwan (Chinese) | 29.0 | 17.1 | 18.2 | 21.6 | -9.4% |
| Poland | 0.4 | 0.8 | 7.5 | 11.1 | 202.8% |
| Others | 35.9 | 2.5 | 3.3 | 6.8 | -42.6% |
| Total | 341 | 183 | 256 | 353 | 1.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Belarus in 2022:
- Russia (34.4 tons)
- China (7.8 tons)
- Ukraine (5.9 tons)
- Czech Republic (4.8 tons)
- Germany (4.0 tons)
- Poland (3.0 tons)
- Taiwan (Chinese) (2.4 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Belarus
In 2022, exports of stainless steel in ingots or other primary forms from Belarus dropped significantly to 14 tons, which is down by -60.5% against the previous year. In general, exports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 2,147% against the previous year. As a result, the exports attained the peak of 36 tons, and then fell rapidly in the following year.
In value terms, exports of stainless steel in ingots or other primary forms shrank dramatically to $51K in 2022. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1,568% against the previous year.
| Export of Stainless Steel in Ingots or Other Primary Forms in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 86.5 | 4.8 | 70.9 | 25.9 | -33.1% |
| Germany | 58.0 | 2.1 | 44.1 | 25.6 | -23.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 145 | 6.9 | 115 | 51.5 | -29.2% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Belarus in 2022:
- Netherlands (8.0 tons)
- Germany (6.0 tons)
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