Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $747 per ton in March 2022, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in April 2021 an increase of 17% m-o-m. The export price peaked at $851 per ton in August 2021; however, from September 2021 to March 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was Lithuania ($928 per ton), while the average price for exports to Russia ($580 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (CIF) - 2022
In March 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $597 per ton, reducing by -25.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2021 an increase of 14% against the previous month. Over the period under review, average import prices hit record highs at $892 per ton in July 2021; however, from August 2021 to March 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 March 2021 to March 2022, the rate of growth in terms of prices for Moldova amounted to +1.9% per month.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
In 2022, approx. 323K tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were exported from Belarus; with a decrease of -5.5% on 2021. Over the period under review, exports saw a abrupt descent. The smallest decline of -4.1% was in 2020.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $317M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 70.0 | 54.5 | 61.3 | 84.1 | 6.3% |
| Poland | 11.9 | 20.6 | 47.1 | 64.9 | 76.0% |
| Israel | 39.8 | 43.2 | 31.0 | 51.6 | 9.0% |
| Lithuania | 21.2 | 12.4 | 26.9 | 37.0 | 20.4% |
| Romania | 3.2 | 6.3 | 12.3 | 17.0 | 74.5% |
| Russia | 1.0 | 0.2 | 11.8 | 16.3 | 153.5% |
| Senegal | 7.6 | 2.6 | 7.1 | 9.8 | 8.8% |
| Benin | 9.0 | 7.0 | 1.9 | 8.1 | -3.5% |
| Serbia | 5.0 | 2.8 | 5.2 | 7.1 | 12.4% |
| Cote d'Ivoire | 7.4 | 3.9 | 3.3 | 6.6 | -3.7% |
| Bulgaria | N/A | 1.4 | 19.7 | N/A | 1307.1% |
| Cameroon | 6.1 | 7.5 | N/A | N/A | 23.0% |
| Others | 28.7 | 15.6 | 8.0 | 14.7 | -20.0% |
| Total | 211 | 178 | 236 | 317 | 14.5% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Belarus in 2022:
- Netherlands (103.0K tons)
- Israel (65.6K tons)
- Poland (48.7K tons)
- Lithuania (27.8K tons)
- Romania (13.8K tons)
- Russia (12.0K tons)
- Benin (11.1K tons)
- Senegal (9.0K tons)
- Cote d'Ivoire (8.5K tons)
- Serbia (6.9K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
In 2022, supplies from abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -0.3% to 25K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 3.5% against the previous year. As a result, imports reached the peak of 31K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses rose rapidly to $20M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 15.2 | 13.9 | 17.6 | 19.6 | 8.8% |
| Moldova | 0.2 | N/A | 0.7 | 0.7 | 51.8% |
| Others | 0.4 | 0.1 | 1.0 | 0.1 | -37.0% |
| Total | 15.8 | 14.0 | 19.2 | 20.5 | 9.1% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Belarus in 2022:
- Russia (24.1K tons)
- Moldova (0.8K tons)
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