Report Update: May 1, 2024

Belarus - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights

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Steel Stranded Wire Price in Belarus - 2022

Steel Stranded Wire Price in Belarus (FOB) - 2022

The average steel stranded wire export price stood at $1,684 per ton in 2022, surging by 3.6% against the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2021 when the average export price increased by 10%. The export price peaked at $1,958 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Ukraine ($1,751 per ton) and Italy ($1,735 per ton), while the average price for exports to Mexico ($1,550 per ton) and France ($1,554 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-0.7%), while the prices for the other major destinations experienced a decline.

Steel Stranded Wire Price in Belarus (CIF) - 2022

The average steel stranded wire import price stood at $1,612 per ton in March 2022, with a decrease of -32.1% against the previous month. In general, the import price recorded a slight decrease. The pace of growth was the most pronounced in June 2021 when the average import price increased by 81% month-to-month. As a result, import price attained the peak level of $3,251 per ton. From July 2021 to March 2022, the average 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 China ($2,654 per ton), while the price for Kazakhstan ($842 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 China (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Steel Stranded Wire Exports in Belarus

Steel stranded wire exports from Belarus shrank remarkably to 67K tons in 2022, reducing by -16.3% compared with the previous year. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year.

In value terms, steel stranded wire exports contracted to $113M in 2022. In general, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $130M, and then dropped in the following year.

Export of Steel Stranded Wire in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	42.3	30.3	49.4	40.9	-1.1%
Czech Republic	15.3	14.3	20.9	17.3	4.2%
Germany	16.0	14.2	11.7	11.4	-10.7%
Slovakia	11.2	11.3	10.4	8.9	-7.4%
Serbia	10.8	7.7	6.9	6.9	-13.9%
Romania	7.5	5.8	6.4	5.4	-10.4%
Poland	6.7	5.4	4.4	4.5	-12.4%
Mexico	3.4	2.7	4.7	3.9	4.7%
Ukraine	2.1	1.9	3.6	3.0	12.6%
Ecuador	2.5	1.8	3.3	2.7	2.6%
Hungary	0.4	1.3	2.6	2.1	73.8%
France	2.8	2.0	1.5	1.7	-15.3%
Others	5.8	3.3	4.4	4.2	-10.2%
Total	127	102	130	113	-3.8%

Top Export Markets for Steel Stranded Wire from Belarus in 2022:

Russia (23.7K tons)
Czech Republic (10.2K tons)
Germany (7.0K tons)
Slovakia (5.2K tons)
Serbia (4.2K tons)
Romania (3.4K tons)
Poland (2.8K tons)
Mexico (2.5K tons)
Ukraine (1.7K tons)
Ecuador (1.7K tons)
Hungary (1.2K tons)
France (1.1K tons)

Steel Stranded Wire Imports in Belarus

After two years of decline, overseas purchases of iron or steel stranded wire, ropes and cables increased by 8.2% to 6K tons in 2022. In general, imports, however, showed a deep slump.

In value terms, steel stranded wire imports contracted to $12M in 2022. Over the period under review, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 13%.

Import of Steel Stranded Wire in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	7.5	6.1	6.8	6.5	-4.7%
Ukraine	2.1	1.7	2.0	1.9	-3.3%
China	1.2	1.2	0.9	1.1	-2.9%
Italy	1.3	0.1	0.4	0.6	-22.7%
Others	1.4	2.1	2.5	2.5	21.3%
Total	13.6	11.2	12.6	12.5	-2.8%

Top Suppliers of Steel Stranded Wire to Belarus in 2022:

Russia (3.9K tons)
Ukraine (1.1K tons)
China (0.6K tons)
Italy (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023