Belarus: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Belarus

The Belarusian market for hot-rolled steel bars and rods stood at $X in 2021, rising by 7.7% against the previous year. Over the period under review, consumption, however, showed a pronounced decrease. Hot-rolled steel bar and rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Steel Bars and Rods in Belarus

In value terms, hot-rolled steel bar and rod production expanded to $X in 2021 estimated in export price. In general, production showed a mild setback. The pace of growth was the most pronounced in 2017 with an increase of 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Belarus

In 2021, overseas shipments of hot-rolled steel bars and rods decreased by -8.7% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled steel bar and rod exports soared to $X in 2021. Overall, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Poland (X tons) and Lithuania (X tons) were the main destinations of hot-rolled steel bar and rod exports from Belarus, with a combined 50% share of total exports. Israel, the Netherlands, Germany, the UK, Bulgaria, Ireland, Norway, Italy, Iceland and Romania lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +59.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Lithuania ($X) appeared to be the largest markets for hot-rolled steel bar and rod exported from Belarus worldwide, with a combined 52% share of total exports. Israel, the Netherlands, Germany, the UK, Bulgaria, Norway, Italy, Ireland, Iceland and Romania lagged somewhat behind, together comprising a further 38%.

Israel, with a CAGR of +76.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hot-rolled steel bars and rods amounted to $X per ton, increasing by 63% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Norway ($X per ton), while the average price for exports to Ireland ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Belarus

In 2021, supplies from abroad of hot-rolled steel bars and rods decreased by -6% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled steel bar and rod imports soared to $X in 2021. Overall, imports continue to indicate a noticeable curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest hot-rolled steel bar and rod supplier to Belarus, accounting for a 89% share of total imports. Moreover, hot-rolled steel bar and rod imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-17.8% per year) and China (+75.9% per year).

In value terms, Russia ($X) constituted the largest supplier of hot-rolled steel bars and rods to Belarus, comprising 88% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 5.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-17.8% per year) and China (+52.5% per year).

Import Prices by Country

In 2021, the average import price for hot-rolled steel bars and rods amounted to $X per ton, jumping by 72% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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