Belarus: Nail And Bolt Market 2024

Nail And Bolt Market Size in Belarus

In 2022, the Belarusian nail and bolt market decreased by X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, enjoyed a noticeable increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Nail And Bolt Production in Belarus

In value terms, nail and bolt production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate perceptible growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Nail and bolt production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Nail And Bolt Exports

Exports from Belarus

In 2022, overseas shipments of nails, tacks, staples, screws and bolts increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nail and bolt exports skyrocketed to $X in 2022. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for nail and bolt exports from Belarus, with a X% share of total exports. It was followed by Russia (X tons), with a X% share of total exports. Lithuania (X kg) ranked third in terms of total exports with less than X% share.

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

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for nails, tacks, staples, screws and bolts exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Germany, with less than X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Germany (X% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Belarus

In 2022, overseas purchases of nails, tacks, staples, screws and bolts decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, nail and bolt imports reduced to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of nail and bolt to Belarus, accounting for a X% share of total imports. Moreover, nail and bolt imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of nails, tacks, staples, screws and bolts to Belarus, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average nail and bolt import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nail and bolt import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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