Belarus: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Belarus

The Belarusian metal hot-worked helical spring market expanded rapidly to $X in 2021, picking up by 5.1% 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). Over the period under review, consumption recorded a mild slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Belarus

In 2021, metal hot-worked helical spring exports from Belarus expanded significantly to X tons, picking up by 14% on 2020 figures. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by 48%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, metal hot-worked helical spring exports surged to $X in 2021. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 54%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Russia (X tons) was the main destination for metal hot-worked helical spring exports from Belarus, with a 87% share of total exports. Moreover, metal hot-worked helical spring exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. The third position in this ranking was taken by Ukraine (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+45.6% per year) and Ukraine (+19.1% per year).

In value terms, Russia ($X) remains the key foreign market for iron or steel hot-worked helical springs exports from Belarus, comprising 88% of total exports. The second position in the ranking was held by Ukraine ($X), with a 3.8% share of total exports. It was followed by Kazakhstan, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+16.4% per year) and Kazakhstan (+31.2% per year).

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, picking up by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 20%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kazakhstan ($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 Russia (+2.1%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Belarus

In 2021, purchases abroad of iron or steel hot-worked helical springs decreased by -2.7% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports expanded markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Russia (X tons), Poland (X tons) and China (X tons) were the main suppliers of metal hot-worked helical spring imports to Belarus, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +6.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Belarus, comprising 53% of total imports. The second position in the ranking was held by Poland ($X), with a 25% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.0% per year) and China (+6.9% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, jumping by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($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 (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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