Belarus: Market for Wire Rod Of Free-Cutting Steel 2025

Market Size for Wire Rod Of Free-Cutting Steel in Belarus

In 2022, after five years of decline, there was significant growth in the Belarusian free-cutting steel wire rod market, when its value increased by X% to $X. In general, consumption showed a measured expansion. Free-cutting steel wire rod consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Wire Rod Of Free-Cutting Steel in Belarus

In value terms, free-cutting steel wire rod production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Free-cutting steel wire rod production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wire Rod Of Free-Cutting Steel

Exports from Belarus

In 2022, after seven years of growth, there was significant decline in overseas shipments of wire rod of free-cutting steel, when their volume decreased by X% to X tons. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, free-cutting steel wire rod exports declined sharply to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Senegal (X tons) was the main destination for free-cutting steel wire rod exports from Belarus, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal amounted to X%.

In value terms, Senegal ($X) also remains the key foreign market for wire rod of free-cutting steel exports from Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal was relatively modest.

Export Prices by Country

In 2022, the average free-cutting steel wire rod export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to X% per year.

Imports of Wire Rod Of Free-Cutting Steel

Imports into Belarus

In 2022, purchases abroad of wire rod of free-cutting steel was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, free-cutting steel wire rod imports reached $X in 2022. In general, imports, however, recorded a dramatic contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main free-cutting steel wire rod supplier to Belarus, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to X%.

In value terms, Russia ($X) constituted the largest supplier of wire rod of free-cutting steel to Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at X%.

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox Platform

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