Belarus: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Belarus

In 2022, the Belarusian market for tube or pipe fittings (of iron or steel) decreased by -16.9% to $X, falling for the third year in a row after three years of growth. In general, consumption saw a pronounced curtailment. Iron or steel tube fitting consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Belarus

In value terms, iron or steel tube fitting production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Belarus

Iron or steel tube fitting exports from Belarus reached X tons in 2022, with an increase of 7.6% compared with the previous year's figure. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.5% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting exports skyrocketed to $X in 2022. Over the period under review, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for iron or steel tube fitting exports from Belarus, accounting for a 82% share of total exports. Moreover, iron or steel tube fitting exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +9.8%.

In value terms, Russia ($X) remains the key foreign market for tube or pipe fittings (of iron or steel) exports from Belarus, comprising 80% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +9.5%.

Export Prices by Country

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, growing by 20% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.8%).

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Belarus

In 2022, supplies from abroad of tube or pipe fittings (of iron or steel) decreased by -24.5% to X tons, falling for the third consecutive year after four years of growth. Overall, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 when imports increased by 49%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel tube fitting imports contracted to $X in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when imports increased by 28%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of iron or steel tube fitting imports to Belarus, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +15.4%), while imports for the other leaders experienced a decline.

In value terms, Russia ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Belarus, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Italy, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.8% per year) and Italy (-0.7% per year).

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, increasing by 19% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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