Belarus: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Belarus

For the fourth year in a row, the Belarusian market for iron or steel leaf-springs and leaves recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2011 to 2020, the growth of the market remained at a lower figure.

Production of Iron Or Steel Leaf-Springs And Leaves in Belarus

In value terms, production of iron or steel leaf-springs and leaves rose markedly to $X in 2020 estimated in export prices. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Belarus

In 2020, the amount of iron or steel leaf-springs and leaves exported from Belarus surged to X tons, jumping by X% on 2019. In general, exports showed a buoyant increase. Over the period under review, exports reached the maximum at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of iron or steel leaf-springs and leaves surged to $X in 2020. Over the period under review, exports posted a noticeable expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Russia (X tons) and Kazakhstan (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from Belarus, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine, while exports for the other leaders experienced mixed trend patterns.

In value terms, Ukraine ($X), Russia ($X) and Kazakhstan ($X) appeared to be the largest markets for iron or steel leaf-spring and leave exported from Belarus worldwide, with a combined X% share of total exports.

Ukraine recorded 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 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, waning by -X% against the previous year. Overall, the export price recorded a pronounced reduction. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan, while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Belarus

After five years of growth, supplies from abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons in 2020. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at X tons in 2019, and then shrank in the following year.

In value terms, imports of iron or steel leaf-springs and leaves declined significantly to $X in 2020. In general, total imports indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2019, and then fell dramatically in the following year.

Imports by Country

In 2020, Russia (X tons) constituted the largest supplier of iron or steel leaf-spring and leave to Belarus, accounting for a X% share of total imports. Moreover, imports of iron or steel leaf-springs and leaves from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Russia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of iron or steel leaf-spring and leave to Belarus, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Russia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average import price for iron or steel leaf-springs and leaves amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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