Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belarus - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belarus (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belarus
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belarus (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $1,546 per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32%. The import price peaked at $1,675 per ton in 2019; however, from 2020 to 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 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +4.0% per year.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belarus
For the fourth year in a row, Belarus recorded growth in purchases abroad of steel, alloy, which increased by 0.5% to 548 tons in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 63%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of steel, alloy stood at $848K in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 94%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 474 | 433 | 843 | 847 | 21.3% |
| Others | 0.8 | 0.8 | 0.7 | 0.7 | -4.4% |
| Total | 475 | 434 | 844 | 848 | 21.3% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Belarus in 2022:
- Russia (548.1 tons)
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