Belarus: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Belarus

In 2020, the Belarusian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Belarus

In value terms, iron, steel or aluminium reservoir production contracted to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Iron, steel or aluminium reservoir production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Belarus

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports shrank to $X in 2020. Over the period under review, exports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for iron, steel or aluminium reservoir exports from Belarus, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), fivefold. The third position in this ranking was occupied by Kazakhstan (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Kazakhstan (+X% per year).

In value terms, Russia ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Belarus, comprising X% of total exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Kazakhstan (+X% per year).

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were Russia ($X per ton) and Kazakhstan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Belarus

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Belarus; reducing by -X% on 2019. Over the period under review, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports contracted sharply to $X in 2020. In general, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), China (X tons) and Ukraine (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Belarus, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Germany ($X) were the largest iron, steel or aluminium reservoir suppliers to Belarus, with a combined X% share of total imports. These countries were followed by Ukraine, the Czech Republic, China and Lithuania, which together accounted for a further X the main suppliers, China (+X% per year) recorded the highest rates of growth with regard to 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 import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

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