Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus - 2022

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus (CIF) - 2022

In March 2022, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,048 per ton, declining by -14.1% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in May 2021 an increase of 17% month-to-month. Over the period under review, average import prices hit record highs at $1,389 per ton in September 2021; however, from October 2021 to March 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Belgium ($2,334 per ton), while the price for Russia amounted to $996 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,320 per ton, surging by 17% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for alloy steel flat-rolled products, of a width 600mm or mores decreased by -0.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 81%. As a result, the export price reached the peak level of $1,322 per ton; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($1,543 per ton), while the average price for exports to Russia ($1,068 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 Ukraine (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores imported into Belarus contracted to 140K tons, remaining constant against the previous year. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of 141K tons, and then reduced modestly in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores contracted modestly to $144M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 89% against the previous year. As a result, imports attained the peak of $146M, and then reduced in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Belarus in 2022:

1. Russia (112.7K tons)
2. Ukraine (20.1K tons)
3. Belgium (3.1K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Belarus

In 2022, approx. 373 tons of alloy steel flat-rolled products, of a width 600mm or mores were exported from Belarus; stabilizing at 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 30%.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores surged to $492K in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Belarus in 2022:

1. Ukraine (174.4 tons)
2. Russia (158.6 tons)
3. Poland (39.7 tons)

Source: IndexBox Market Intelligence Platform