Price for Chain; Articulated Link, Roller, of Iron or Steel in Belarus - 2022

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Belarus (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Belarus (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Belarus
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Belarus

Price for Chain; Articulated Link, Roller, of Iron or Steel in Belarus (CIF) - 2022

The average import price for chain; articulated link, roller, of iron or steel stood at $4,720 per ton in March 2022, which is down by -15% against the previous month. In general, import price indicated a mild increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for chain; articulated link, roller, of iron or steel increased by +37.6% against January 2022 indices. The growth pace was the most rapid in February 2022 when the average import price increased by 62% month-to-month. Over the period under review, average import prices hit record highs at $6,494 per ton in October 2021; however, from November 2021 to March 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Poland ($15,433 per ton), while the price for Russia ($3,101 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Belarus (FOB) - 2022

In March 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $7,840 per ton, with an increase of 35% against the previous month. Over the period under review, export price indicated a temperate increase from March 2021 to March 2022: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for chain; articulated link, roller, of iron or steel increased by +35.2% against February 2022 indices. The pace of growth was the most pronounced in May 2021 when the average export price increased by 150% month-to-month. As a result, the export price reached the peak level of $9,387 per ton. From June 2021 to March 2022, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($55,556 per ton), while the average price for exports to Russia ($7,633 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 Turkey (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Belarus

In 2022, overseas purchases of chain; articulated link, roller, of iron or steel decreased by -55.2% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 9.5% against the previous year.

In value terms, imports of chain; articulated link, roller, of iron or steel dropped to $12M in 2022. The total import value increased at an average annual rate of +7.3% over the period 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 23%. As a result, imports attained the peak of $13M, and then declined in the following year.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Belarus in 2022:

1. United Arab Emirates (1.2K tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Belarus

In 2022, approx. 1K tons of chain; articulated link, roller, of iron or steel were exported from Belarus; with an increase of 20% on 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of chain; articulated link, roller, of iron or steel surged to $4.9M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Belarus in 2022:

1. Russia (914.5 tons)
2. Kazakhstan (56.7 tons)
3. Ukraine (33.0 tons)
4. Latvia (14.0 tons)

Source: IndexBox Market Intelligence Platform