Price for Steel, Stainless; Angles, Shapes and Sections in Belarus - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Belarus (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Belarus (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Belarus
- Exports of Steel, Stainless; Angles, Shapes and Sections in Belarus
Price for Steel, Stainless; Angles, Shapes and Sections in Belarus (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $5,679 per ton, rising by 59% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless increased by +94.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($104,500 per ton), while the price for Turkey ($1,603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+99.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Belarus (FOB) - 2022
The average export price for steel, stainless stood at $6,615 per ton in 2022, increasing by 93% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $9,898 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($10,032 per ton), while the average price for exports to Russia stood at $6,276 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-1.3%).
Imports of Steel, Stainless; Angles, Shapes and Sections in Belarus
In 2022, the amount of steel, stainless imported into Belarus shrank notably to 65 tons, falling by -78% on the previous year. Over the period under review, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. As a result, imports attained the peak of 297 tons, and then declined markedly in the following year.
In value terms, imports of steel, stainless declined remarkably to $370K in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 154%. As a result, imports reached the peak of $1.1M, and then reduced dramatically in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 224 | 204 | 467 | 109 | -21.3% |
| Germany | 37.8 | 35.6 | 170 | 67.6 | 21.4% |
| Poland | 69.8 | 38.9 | 25.6 | 64.8 | -2.4% |
| India | 214 | 41.1 | 76.5 | 38.2 | -43.7% |
| China | 5.8 | 11.8 | 58.5 | 21.7 | 55.2% |
| Turkey | 13.2 | 15.8 | 118 | 20.8 | 16.4% |
| Switzerland | 8.0 | 12.7 | 12.2 | 14.8 | 22.8% |
| Sweden | 13.6 | 13.3 | 50.6 | 11.8 | -4.6% |
| Others | 86.5 | 45.2 | 85.8 | 21.5 | -37.1% |
| Total | 672 | 418 | 1,064 | 370 | -18.0% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Belarus in 2022:
- Russia (20.1 tons)
- Turkey (13.0 tons)
- Poland (10.0 tons)
- India (8.8 tons)
- Germany (4.8 tons)
- China (4.4 tons)
- Sweden (1.1 tons)
- Switzerland (1.1 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Belarus
In 2022, shipments abroad of steel, stainless decreased by -88.6% to 18 tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 25%. As a result, the exports reached the peak of 294 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, stainless dropped notably to $117K in 2022. Overall, exports saw a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Steel, Stainless; Angles, Shapes and Sections in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 947 | 1,285 | 491 | 102 | -52.4% |
| Kuwait | N/A | N/A | N/A | 12.5 | 0% |
| Others | 7.8 | 8.4 | 39.9 | 1.8 | -38.7% |
| Total | 955 | 1,293 | 531 | 117 | -50.3% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Belarus in 2022:
- Russia (16.3 tons)
- Kuwait (1.2 tons)
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