Report Update May 1, 2024

Belarus - Iron or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Belarus

In 2022, the Belarusian metal self-locking nut market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a slight downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Self-Locking Nut Production in Belarus

In value terms, metal self-locking nut production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Self-Locking Nut Exports

Exports from Belarus

Metal self-locking nut exports from Belarus reduced remarkably to X tons in 2022, declining by X% against the year before. Overall, exports saw a abrupt decrease. The smallest decline of X% was in 2020. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal self-locking nut exports shrank rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt descent. The smallest decline of X% was in 2021. 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

Uzbekistan (X tons) was the main destination for metal self-locking nut exports from Belarus, accounting for a X% share of total exports. Moreover, metal self-locking nut exports to Uzbekistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. Ukraine (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Uzbekistan ($X) emerged as the key foreign market for iron or steel nuts (including self-locking nuts) exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

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

Export Prices by Country

The average metal self-locking nut export price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Uzbekistan ($X 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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Self-Locking Nut Imports

Imports into Belarus

In 2022, purchases abroad of iron or steel nuts (including self-locking nuts) decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, metal self-locking nut imports declined remarkably to $X in 2022. In general, imports showed a slight contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main metal self-locking nut supplier to Belarus, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%.

Import Prices by Country

The average metal self-locking nut import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel nuts (including self-locking nuts) in the world?

The countries with the highest volumes of consumption in 2023 were Greece, the United States and China, together comprising 34% of global consumption. Canada, India, Mexico, Germany, Latvia, Japan, Brazil, Indonesia and Spain lagged somewhat behind, together accounting for a further 38%.

What are the largest producers of iron or steel nuts (including self-locking nuts) in the world?

The country with the largest volume of metal self-locking nut production was China, comprising approx. 35% of total volume. Moreover, metal self-locking nut production in China exceeded the figures recorded by the second-largest producer, Greece, threefold. The third position in this ranking was held by Taiwan Chinese), with a 9.9% share.

What are the leading suppliers of iron or steel nuts (including self-locking nuts) to Belarus?

In value terms, the United Arab Emirates constituted the largest supplier of iron or steel nuts including self-locking nuts) to Belarus.

What are the leading importers of iron or steel nuts (including self-locking nuts) from Belarus?

In value terms, Uzbekistan emerged as the key foreign market for iron or steel nuts including self-locking nuts) exports from Belarus, comprising 39% of total exports. The second position in the ranking was held by Kazakhstan, with a 17% share of total exports. It was followed by Ukraine, with a 13% share.

What is the average export price for iron or steel nuts (including self-locking nuts) in Belarus?

The average metal self-locking nut export price stood at $2,446 per ton in 2022, picking up by 9.3% against the previous year.

What is the average import price for iron or steel nuts (including self-locking nuts) in Belarus?

In 2022, the average metal self-locking nut import price amounted to $4,578 per ton, picking up by 16% against the previous year.

This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)

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