Belarus: Ferro-Alloys Market 2025

Ferro-Alloys Market Size in Belarus

In 2022, the Belarusian ferro-alloys market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Ferro-alloys consumption peaked in 2022 and is likely to see steady growth in the near future.

Ferro-Alloys Production in Belarus

In value terms, ferro-alloys production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a deep reduction. Ferro-alloys production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ferro-Alloys Exports

Exports from Belarus

In 2022, after two years of decline, there was significant growth in overseas shipments of ferro-alloys, when their volume increased by X% to X tons. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, ferro-alloys exports soared to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for ferro-alloys exports from Belarus, accounting for a X% share of total exports. It was followed by Lithuania (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%.

In value terms, Russia ($X) remains the key foreign market for ferro-alloys exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%.

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia stood at $X per ton.

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

Ferro-Alloys Imports

Imports into Belarus

In 2022, ferro-alloys imports into Belarus rose markedly to X tons, with an increase of X% on 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-alloys imports surged to $X in 2022. Over the period under review, imports enjoyed a measured increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest ferro-alloys supplier to Belarus, with a X% share of total imports. Moreover, ferro-alloys imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. The third position in this ranking was held by Kazakhstan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) constituted the largest supplier of ferro-alloys to Belarus, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price recorded notable growth. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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