Belarus: Metal Link Chain Market 2024

Metal Link Chain Market Size in Belarus

The Belarusian metal link chain market expanded remarkably to $X in 2021, surging by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a measured increase. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Metal Link Chain Exports

Exports from Belarus

Metal link chain exports from Belarus dropped to X tons in 2021, which is down by -11% against the previous year's figure. Over the period under review, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by 89%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports soared to $X in 2021. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 139%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for metal link chain exports from Belarus, accounting for a 96% share of total exports. It was followed by Moldova (X tons), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+26.8% per year) and Poland (-78.1% per year).

In value terms, Russia ($X) remains the key foreign market for iron or steel articulated link chain exports from Belarus, comprising 96% of total exports. The second position in the ranking was held by Moldova ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+15.9% per year) and Poland (-63.4% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, with an increase of 164% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 177% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+79.4%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Link Chain Imports

Imports into Belarus

In 2021, purchases abroad of iron or steel articulated link chain increased by 7.7% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 81%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal link chain imports contracted to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Finland (X tons) were the main suppliers of metal link chain imports to Belarus, together accounting for 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +181.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and Germany ($X) were the largest metal link chain suppliers to Belarus, together accounting for 71% of total imports. Finland, South Korea, Poland and Italy lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Finland, with a CAGR of +82.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, which is down by -8.5% against the previous year. Over the period under review, the import price saw a abrupt descent. The growth pace was the most rapid in 2020 an increase of 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :