Price for Steel, Stainless; Ingots and Other Primary Forms in Belarus - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Belarus (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Belarus (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Belarus
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Belarus
Price for Steel, Stainless; Ingots and Other Primary Forms in Belarus (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $2,219 per ton in 2022, with an increase of 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 104% against the previous year. As a result, the export price reached the peak level of $4,170 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,601 per ton), while the average price for exports to the Netherlands stood at $1,936 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.9%).
Price for Steel, Stainless; Ingots and Other Primary Forms in Belarus (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $26,797 per ton in 2022, picking up by 25% against the previous year. In general, the import price posted notable growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 71%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Germany ($47,217 per ton), while the price for Russia ($6,897 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Belarus
In 2022, overseas shipments of steel, stainless; ingots and other primary formses decreased by -47.1% to 218 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of 606 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, stainless; ingots and other primary formses contracted sharply to $484K in 2022. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 32%. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 476 | 816 | 509 | 243 | -20.1% |
| Germany | 320 | 353 | 318 | 241 | -9.0% |
| Others | 88.9 | N/A | N/A | N/A | 0% |
| Total | 885 | 1,169 | 826 | 484 | -18.2% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Belarus in 2022:
- Netherlands (125.3 tons)
- Germany (92.6 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Belarus
For the third year in a row, Belarus recorded decline in supplies from abroad of steel, stainless; ingots and other primary formses, which decreased by -65.6% to 177 kg in 2022. In general, imports saw a significant contraction.
In value terms, imports of steel, stainless; ingots and other primary formses contracted dramatically to $4.7K in 2022. Overall, imports recorded a sharp decrease.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.3 | 11.1 | 6.2 | 2.2 | -63.5% |
| Lithuania | 60.0 | 9.9 | 3.7 | 0.9 | -75.3% |
| Russia | 7.0 | 2.0 | 0.5 | 0.3 | -65.0% |
| Sweden | 31.3 | N/A | N/A | N/A | 0% |
| Others | 92.9 | 2.6 | 0.6 | 1.4 | -75.3% |
| Total | 237 | 25.6 | 11.0 | 4.7 | -72.9% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Belarus in 2022:
- Germany (46.0 kg)
- Russia (39.0 kg)
- Lithuania (26.0 kg)
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