Belarus: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Belarus

In 2022, the Belarusian non-malleable cast iron articles market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a mild increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Production of Articles Of Non-Malleable Cast Iron in Belarus

In value terms, non-malleable cast iron articles production reached $X in 2022 estimated in export price. Overall, production, however, saw a noticeable decline. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Belarus

In 2022, the amount of articles of non-malleable cast iron exported from Belarus fell to X tons, shrinking by X% compared with 2021 figures. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports reduced to $X in 2022. Over the period under review, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for non-malleable cast iron articles exports from Belarus, accounting for a X% share of total exports. Moreover, non-malleable cast iron articles exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Poland (X% per year).

In value terms, Russia ($X) remains the key foreign market for articles of non-malleable cast iron exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Poland (X% per year).

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Finland ($X per ton) and Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) and Poland ($X 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 Finland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Belarus

In 2022, the amount of articles of non-malleable cast iron imported into Belarus rose to X tons, increasing by X% compared with 2021 figures. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-malleable cast iron articles imports rose slightly to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of non-malleable cast iron articles to Belarus, accounting for a X% share of total imports. Moreover, non-malleable cast iron articles imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ukraine (X% per year).

In value terms, Russia ($X) constituted the largest supplier of articles of non-malleable cast iron to Belarus, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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