Belarus - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Belarus - 2022
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Belarus (FOB) - 2022
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Belarus (CIF) - 2022
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Belarus
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Belarus
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Belarus (FOB) - 2022
In March 2022, the average export price for hot-rolled non-alloy steel wire rods amounted to $742 per ton, therefore, remained relatively stable against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 17% month-to-month. The export price peaked at $851 per ton in August 2021; however, from September 2021 to March 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas 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 Hot-Rolled Non-Alloy Steel Wire Rod in Belarus (CIF) - 2022
In March 2022, the average import price for hot-rolled non-alloy steel wire rods amounted to $597 per ton, with a decrease of -25.5% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 14% month-to-month. The import price peaked at $892 per ton in July 2021; however, from August 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 Moldova amounted to +1.9% per month.
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Belarus
In 2022, hot-rolled non-alloy steel wire rod exports from Belarus rose rapidly to 372K tons, surging by 6.7% on the previous year. Overall, exports, however, continue to indicate a deep slump.
In value terms, hot-rolled non-alloy steel wire rod exports skyrocketed to $328M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +83.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 67.6 | 56.6 | 60.7 | 93.8 | 11.5% |
| Poland | 9.2 | 20.0 | 43.5 | 67.5 | 94.3% |
| Lithuania | 21.2 | 12.5 | 25.5 | 39.6 | 23.2% |
| Germany | 14.2 | 13.1 | 15.0 | 20.3 | 12.7% |
| Romania | 3.2 | 6.3 | 11.7 | 18.2 | 78.5% |
| Israel | 25.8 | 23.6 | 19.6 | 14.3 | -17.9% |
| Senegal | 8.6 | 4.1 | 9.6 | 12.7 | 13.9% |
| Cameroon | 6.1 | 7.5 | 7.2 | 11.2 | 22.5% |
| Russia | 0.7 | 2.9 | 7.2 | 9.4 | 137.7% |
| Benin | 9.0 | 7.0 | 1.8 | 8.6 | -1.5% |
| Serbia | 4.8 | 2.9 | 5.1 | 7.8 | 17.6% |
| Cote d'Ivoire | 7.3 | 3.9 | 3.2 | 7.0 | -1.4% |
| Others | 29.1 | 18.4 | 28.0 | 17.4 | -15.8% |
| Total | 207 | 179 | 238 | 328 | 16.6% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Belarus in 2022:
- Netherlands (116.8K tons)
- Germany (56.2K tons)
- Poland (50.9K tons)
- Lithuania (30.0K tons)
- Cameroon (16.5K tons)
- Israel (15.3K tons)
- Romania (14.9K tons)
- Senegal (14.0K tons)
- Benin (12.0K tons)
- Russia (9.5K tons)
- Cote d'Ivoire (9.0K tons)
- Serbia (7.7K tons)
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Belarus
In 2022, the amount of hot-rolled non-alloy steel wire rods imported into Belarus reached 25K tons, therefore, remained relatively stable against the previous year. In general, imports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 3.5%. As a result, imports attained the peak of 31K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, hot-rolled non-alloy steel wire rod imports expanded sharply to $21M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 15.1 | 13.7 | 17.0 | 20.2 | 10.2% |
| Others | 0.7 | 0.4 | 2.3 | 0.4 | -17.0% |
| Total | 15.8 | 14.1 | 19.2 | 20.7 | 9.4% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Belarus in 2022:
- Russia (24.7K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
Country coverage:
- Belarus
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belarus
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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