Copper Wire Price in Belarus - 2022

Contents:

1. Copper Wire Price in Belarus (CIF) - 2022
2. Copper Wire Price in Belarus (FOB) - 2022
3. Copper Wire Imports in Belarus
4. Copper Wire Exports in Belarus

Copper Wire Price in Belarus (CIF) - 2022

In March 2022, the average copper wire import price amounted to $9,561 per ton, waning by -4.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 9.7% against the previous month. The import price peaked at $10,238 per ton in June 2021; however, from July 2021 to March 2022, import prices failed to regain momentum.

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 Ukraine amounted to +1.3% per month.

Copper Wire Price in Belarus (FOB) - 2022

In March 2022, the average copper wire export price amounted to $8,813 per ton, approximately mirroring the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in April 2021 when the average export price increased by 36% m-o-m. Over the period under review, the average export prices hit record highs at $11,290 per ton in June 2021; however, from July 2021 to March 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, 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 Russia amounted to +1.9% per month.

Copper Wire Imports in Belarus

In 2022, imports of copper wires into Belarus expanded markedly to 15K tons, surging by 13% against 2021. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, copper wire imports soared to $148M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Copper Wire to Belarus in 2022:

1. Russia (10.8K tons)
2. Ukraine (4.2K tons)

Copper Wire Exports in Belarus

In 2022, approx. 319 tons of copper wires were exported from Belarus; reducing by -22.3% against 2021 figures. In general, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 97%. As a result, the exports reached the peak of 411 tons, and then declined markedly in the following year.

In value terms, copper wire exports shrank remarkably to $3.4M in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 196% against the previous year. As a result, the exports attained the peak of $4M, and then shrank notably in the following year.

Top Export Markets for Copper Wire from Belarus in 2022:

1. Russia (316.4 tons)

Source: IndexBox Market Intelligence Platform