Belarus: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Belarus

After two years of growth, the Belarusian iron and steel wire market decreased by -X% to $X in 2020. Over the period under review, consumption recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Belarus

In value terms, iron and steel wire production declined to $X in 2020 estimated in export prices. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Belarus

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were exported from Belarus; with an increase of X% on 2019 figures. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports fell modestly to $X in 2020. Over the period under review, total exports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tons), Lithuania (X tons) and Russia (X tons) were the main destinations of iron and steel wire exports from Belarus, with a combined X% share of total exports. These countries were followed by Poland, Estonia, the Czech Republic and Romania, which together accounted for a further X 2007 to 2020, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Lithuania ($X) and Germany ($X) constituted the largest markets for iron and steel wire exported from Belarus worldwide, together comprising X% of total exports. These countries were followed by Poland, the Czech Republic, Estonia and Romania, which together accounted for a further X the main countries of destination, Poland recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average iron and steel wire export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($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 Russia, while the prices for the other major destinations experienced a decline.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Belarus

In 2020, supplies from abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, total imports indicated a temperate increase from 2007 to 2020: its volume 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. Based on 2020 figures, imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, iron and steel wire imports dropped to $X in 2020. Overall, total imports indicated a slight expansion 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 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Russia (X tons) constituted the largest iron and steel wire supplier to Belarus, with a X% share of total imports. Moreover, iron and steel wire imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold.

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

In value terms, Russia ($X) constituted the largest supplier of iron and steel wire to Belarus, comprising X% of total imports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total imports.

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

Import Prices by Country

In 2020, the average iron and steel wire import price amounted to $X per ton, dropping by -X% against the previous year. In general, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average 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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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