Report Update Nov 1, 2024

Belarus - Iron or Steel Chain - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Metal Chain Market 2024

Metal Chain Market Size in Belarus

In 2022, the Belarusian metal chain market decreased by -36.8% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption recorded a deep reduction. Metal chain consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Chain Exports

Exports from Belarus

In 2022, approx. X tons of iron or steel chain were exported from Belarus; waning by -59.2% against the year before. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 252%. 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, metal chain exports plummeted to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when exports increased by 227%. As a result, the exports attained 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), Ukraine (X tons) and Lithuania (X kg) were the main destinations of metal chain exports from Belarus, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +42.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Ukraine ($X) and Lithuania ($X) were the largest markets for metal chain exported from Belarus worldwide, together accounting for 99% of total exports.

Lithuania, with a CAGR of +36.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, increasing by 34% against the previous year. In general, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 60%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Kazakhstan ($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 Ukraine (-2.5%), while the prices for the other major destinations experienced a decline.

Metal Chain Imports

Imports into Belarus

In 2022, the amount of iron or steel chain imported into Belarus fell significantly to X tons, shrinking by -48.1% compared with the previous year's figure. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 113% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal chain imports shrank markedly to $X in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 67% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of metal chain to Belarus, accounting for a 49% share of total imports. Moreover, metal chain imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.6% per year) and Turkey (+52.9% per year).

In value terms, the largest metal chain suppliers to Belarus were Russia ($X), Germany ($X) and Turkey ($X), with a combined 57% share of total imports.

Turkey, with a CAGR of +64.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 23%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel chain in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global consumption. Japan, Russia, Indonesia, Italy, France, Canada, South Korea, Turkey, Australia and Germany lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of iron or steel chain in the world?

China remains the largest metal chain producing country worldwide, accounting for 31% of total volume. Moreover, metal chain production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.4% share.

What are the leading suppliers of iron or steel chain to Belarus?

In value terms, Russia, Germany and Turkey appeared to be the largest metal chain suppliers to Belarus, together comprising 62% of total imports. China, Poland, Estonia, Italy and Lithuania lagged somewhat behind, together accounting for a further 26%.

What are the leading importers of iron or steel chain from Belarus?

In value terms, Russia remains the key foreign market for metal chain exports from Belarus, comprising 70% of total exports. The second position in the ranking was occupied by Lithuania, with a 19% share of total exports. It was followed by Ukraine, with a 5.1% share.

What is the average export price for iron or steel chain in Belarus?

The average metal chain export price stood at $2,971 per ton in 2021, waning by -29.6% against the previous year.

What is the average import price for iron or steel chain in Belarus?

In 2021, the average metal chain import price amounted to $5,129 per ton, surging by 17% against the previous year.

This report provides an in-depth analysis of the metal chain market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023