Belarus: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Belarus

In 2022, the Belarusian non-malleable cast iron articles market increased by 16% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a modest expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Articles Of Non-Malleable Cast Iron in Belarus

In value terms, non-malleable cast iron articles production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible slump. The growth pace was the most rapid in 2014 when the production volume increased by 6.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Belarus

In 2022, the amount of articles of non-malleable cast iron exported from Belarus contracted to X tons, dropping by -11.6% on the previous year's figure. In general, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 17%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports shrank slightly to $X in 2022. Over the period under review, exports showed a pronounced reduction. The growth pace was the most rapid in 2017 when exports increased by 9.4%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for non-malleable cast iron articles exports from Belarus, with a 90% share of total exports. Moreover, non-malleable cast iron articles exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-12.3% per year) and Poland (+13.0% per year).

In value terms, Russia ($X) remains the key foreign market for articles of non-malleable cast iron exports from Belarus, comprising 87% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 4% share of total exports. It was followed by Poland, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-12.4% per year) and Poland (+14.2% per year).

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 19%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Belarus

In 2022, approx. X tons of articles of non-malleable cast iron were imported into Belarus; growing by 2.6% compared with 2021. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 331%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-malleable cast iron articles imports rose modestly to $X in 2022. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 200%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of non-malleable cast iron articles to Belarus, with a 82% share of total imports. Moreover, non-malleable cast iron articles imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and Ukraine (-23.7% per year).

In value terms, Russia ($X) constituted the largest supplier of articles of non-malleable cast iron to Belarus, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and Ukraine (-13.1% per year).

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2015 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 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 Ukraine ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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