Belarus: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Belarus

In 2022, the Belarusian cold-rolled steel products market increased by 26% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cold-Rolled Steel Products Exports

Exports from Belarus

Cold-rolled steel products exports from Belarus declined sharply to X tons in 2022, dropping by -43.4% on the year before. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,724% against the previous year. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, cold-rolled steel products exports declined sharply to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 882%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Russia (X tons), Ukraine (X tons) and the Czech Republic (X tons) were the main destinations of cold-rolled steel products exports from Belarus, with a combined 74% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +182.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cold-rolled steel products exported from Belarus were Ukraine ($X), Russia ($X) and the Czech Republic ($X), with a combined 61% share of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of +215.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, with an increase of 7.4% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 21%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+148.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Belarus

In 2022, purchases abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 9.5% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cold-rolled steel products imports soared to $X in 2022. In general, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Russia (X tons) was the main cold-rolled steel products supplier to Belarus, accounting for a 90% share of total imports. Moreover, cold-rolled steel products imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-8.2% per year) and Ukraine (-9.4% per year).

In value terms, Russia ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Belarus, comprising 85% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-7.2% per year) and Ukraine (-8.3% per year).

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, picking up by 11% against the previous year. In general, the import price posted a notable expansion. The most prominent rate of growth was recorded in 2021 an increase of 76%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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