Belarus: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Belarus

The Belarusian stainless steel angle market contracted to $X in 2023, shrinking by X% against the previous year. In general, consumption continues to indicate a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Stainless Steel Angle Production in Belarus

In value terms, stainless steel angle production contracted to $X in 2023 estimated in export price. In general, production showed a abrupt contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Stainless Steel Angle Exports

Exports from Belarus

In 2023, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, stainless steel angle exports soared to $X in 2023. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons), Russia (X tons) and Lithuania (X tons) were the main destinations of stainless steel angle exports from Belarus, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Lithuania ($X) were the largest markets for stainless steel angle exported from Belarus worldwide, together accounting for X% of total exports.

Among the main countries of destination, Lithuania, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average stainless steel angle export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Stainless Steel Angle Imports

Imports into Belarus

In 2023, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were imported into Belarus; growing by X% on the previous year. Overall, imports, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, stainless steel angle imports skyrocketed to $X in 2023. Over the period under review, imports, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Russia (X tons) constituted the largest stainless steel angle supplier to Belarus, with a X% share of total imports. Moreover, stainless steel angle imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Russia ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Belarus, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms 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 Germany (X% per year).

Import Prices by Country

In 2023, the average stainless steel angle import price amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, enjoyed prominent growth. The growth pace was the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform