Price for Steel Alloy Wire of Silico-Manganese Steel in Belarus - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Belarus (FOB) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Belarus (CIF) - 2022
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Belarus
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Belarus
Price for Steel Alloy Wire of Silico-Manganese Steel in Belarus (FOB) - 2022
In March 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $1,203 per ton, declining by -13.7% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in June 2021 an increase of 16% against the previous month. Over the period under review, the average export prices hit record highs at $1,483 per ton in October 2021; however, from November 2021 to March 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In March 2022, the country with the highest price was Kazakhstan ($1,459 per ton), while the average price for exports to Russia ($1,184 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Belarus (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,123 per ton in March 2022, falling by -29.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 an increase of 16% m-o-m. Over the period under review, average import prices reached the maximum at $1,668 per ton in October 2021; however, from November 2021 to March 2022, import prices remained at a 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 Italy ($2,014 per ton), while the price for Russia ($1,089 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 Ukraine (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel Alloy Wire of Silico-Manganese Steel in Belarus
For the fourth year in a row, Belarus recorded growth in overseas shipments of steel alloy wire of silico-manganese steels, which increased by 11% to 17K tons in 2022. The total export volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 20%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of steel alloy wire of silico-manganese steels soared to $28M in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 68%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
Export of Steel Alloy Wire of Silico-Manganese Steel in Belarus (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 12.1 | 10.9 | 17.6 | 26.1 | 29.2% |
Ukraine | 0.2 | 0.2 | 0.5 | 0.7 | 51.8% |
Uzbekistan | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
Kazakhstan | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
Others | N/A | 0.1 | 0.4 | N/A | 300.0% |
Total | 12.4 | 11.4 | 19.1 | 27.8 | 30.9% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Belarus in 2022:
- Russia (15.6K tons)
- Ukraine (0.4K tons)
- Uzbekistan (0.3K tons)
- Kazakhstan (0.3K tons)
Imports of Steel Alloy Wire of Silico-Manganese Steel in Belarus
For the fourth consecutive year, Belarus recorded growth in supplies from abroad of steel alloy wire of silico-manganese steels, which increased by 12% to 4.8K tons in 2022. The total import volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels surged to $9.1M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Steel Alloy Wire of Silico-Manganese Steel in Belarus (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 1.7 | 1.5 | 3.2 | 4.8 | 41.3% |
China | 2.1 | 1.3 | 1.4 | 2.3 | 3.1% |
Ukraine | 0.4 | 0.6 | 1.2 | 1.8 | 65.1% |
Others | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
Total | 4.3 | 3.6 | 5.9 | 9.1 | 28.4% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Belarus in 2022:
- Russia (2.6K tons)
- China (1.3K tons)
- Ukraine (0.8K tons)
This report provides an in-depth analysis of the market for iron and steel wire in Belarus.
This report provides an in-depth analysis of the market for iron and steel wire in Belarus.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
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