Stainless Steel Wire Price in Belarus - 2022
Contents:
- Stainless Steel Wire Price in Belarus (CIF) - 2022
- Stainless Steel Wire Price in Belarus (FOB) - 2022
- Stainless Steel Wire Imports in Belarus
- Stainless Steel Wire Exports in Belarus
Stainless Steel Wire Price in Belarus (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $5,682 per ton, with an increase of 21% against the previous year. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $8,590 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($8,845 per ton), while the price for Russia ($4,800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.
Stainless Steel Wire Price in Belarus (FOB) - 2022
The average stainless steel wire export price stood at $8,273 per ton in 2022, rising by 20% against the previous year. In general, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 29%. Over the period under review, the average export prices attained the peak figure at $10,518 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($8,305 per ton), while the average price for exports to Ukraine ($7,421 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Wire Imports in Belarus
In 2022, approx. 480 tons of stainless steel wire were imported into Belarus; picking up by 16% on 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of 670 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, stainless steel wire imports soared to $2.7M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 571 | 828 | 650 | 860 | 14.6% |
| Russia | 642 | 763 | 625 | 851 | 9.8% |
| India | 316 | 310 | 145 | 322 | 0.6% |
| Germany | 137 | 240 | 173 | 231 | 19.0% |
| China | 188 | 114 | 142 | 186 | -0.4% |
| Ukraine | 34.0 | 28.3 | 39.4 | 50.8 | 14.3% |
| Others | 140 | 139 | 166 | 228 | 17.7% |
| Total | 2,028 | 2,423 | 1,940 | 2,728 | 10.4% |
Top Suppliers of Stainless Steel Wire to Belarus in 2022:
- Russia (177.4 tons)
- Switzerland (166.8 tons)
- India (57.7 tons)
- Germany (28.3 tons)
- China (21.0 tons)
- Ukraine (7.4 tons)
Stainless Steel Wire Exports in Belarus
In 2022, the amount of stainless steel wire exported from Belarus surged to 267 tons, picking up by 153% against 2021. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire exports skyrocketed to $2.2M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Wire in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 232 | 510 | 670 | 2,120 | 109.1% |
| Ukraine | 5.2 | 0.4 | 15.0 | 47.4 | 108.9% |
| Uzbekistan | 0.4 | 4.2 | 12.3 | 38.9 | 359.9% |
| Others | 9.3 | 7.3 | 29.5 | 6.0 | -13.6% |
| Total | 247 | 521 | 727 | 2,213 | 107.7% |
Top Export Markets for Stainless Steel Wire from Belarus in 2022:
- Russia (255.3 tons)
- Ukraine (6.4 tons)
- Uzbekistan (5.2 tons)
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