Price for Iron and Non-Alloy Steel in Ingot in Belarus - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Belarus (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Belarus (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Belarus
- Imports of Iron and Non-Alloy Steel in Ingot in Belarus
Price for Iron and Non-Alloy Steel in Ingot in Belarus (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $2,236 per ton in 2022, reducing by -10.2% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 52%. The export price peaked at $2,489 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 Jordan.
From 2012 to 2022, the rate of growth in terms of prices for Jordan amounted to +12.3% per year.
Price for Iron and Non-Alloy Steel in Ingot in Belarus (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $2,483 per ton in 2022, surging by 3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 55%. As a result, import price reached the peak level of $5,939 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($2,633 per ton), while the price for Hungary stood at $2,468 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.6%).
Exports of Iron and Non-Alloy Steel in Ingot in Belarus
Exports of iron and non-alloy steel in ingots from Belarus shrank sharply to 17 tons in 2022, waning by -15.2% against 2021. The total export volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of 20 tons, and then shrank notably in the following year.
In value terms, exports of iron and non-alloy steel in ingots contracted notably to $39K in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 91%. As a result, the exports attained the peak of $51K, and then shrank significantly in the following year.
| Export of Iron and Non-Alloy Steel in Ingot in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 25.9 | 26.5 | 41.1 | 38.4 | 14.0% |
| Others | 0.1 | 0.1 | 9.7 | 0.3 | 44.2% |
| Total | 26.1 | 26.6 | 50.8 | 38.7 | 14.0% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Belarus in 2022:
- Jordan (17.2 tons)
Imports of Iron and Non-Alloy Steel in Ingot in Belarus
In 2022, approx. 9.2 tons of iron and non-alloy steel in ingots were imported into Belarus; waning by -47.6% on 2021. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,017%. As a result, imports reached the peak of 18 tons, and then fell sharply in the following year.
In value terms, imports of iron and non-alloy steel in ingots reduced dramatically to $23K in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,066%. As a result, imports attained the peak of $42K, and then fell significantly in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 3.4 | 1.7 | 19.1 | 10.8 | 47.0% |
| Russia | 0.4 | 0.2 | 3.9 | 1.2 | 44.2% |
| Others | 3.4 | 1.7 | 19.0 | 10.8 | 47.0% |
| Total | 7.2 | 3.6 | 42.0 | 22.8 | 46.8% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Belarus in 2022:
- Hungary (4.4 tons)
- Russia (0.5 tons)
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