Price for Railway or Tramway Track Constructions of Iron or Steel in Belarus - 2022

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Belarus (FOB) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Belarus (CIF) - 2022
3. Exports of Railway or Tramway Track Constructions of Iron or Steel in Belarus
4. Imports of Railway or Tramway Track Constructions of Iron or Steel in Belarus

Price for Railway or Tramway Track Constructions of Iron or Steel in Belarus (FOB) - 2022

In March 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $2,156 per ton, reducing by -34% against the previous month. In general, the export price, however, showed a slight expansion. The most prominent rate of growth was recorded in August 2021 when the average export price increased by 69% m-o-m. Over the period under review, the average export prices reached the peak figure at $3,266 per ton in February 2022, and then contracted rapidly in the following month.

As there is only one major export destination, the average price level is determined by prices for Russia.

From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to +2.5% per month.

Price for Railway or Tramway Track Constructions of Iron or Steel in Belarus (CIF) - 2022

In March 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,384 per ton, declining by -26.8% against the previous month. In general, the import price saw a perceptible downturn. The pace of growth was the most pronounced in November 2021 when the average import price increased by 56% against the previous month. Over the period under review, average import prices reached the maximum at $2,402 per ton in March 2021; however, from April 2021 to March 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the countries with the highest prices were Russia ($1,689 per ton) and France ($1,385 per ton), while the price for Kazakhstan ($1,200 per ton) and Poland ($1,324 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Railway or Tramway Track Constructions of Iron or Steel in Belarus

In 2022, approx. 2.2K tons of railway or tramway track constructions of iron or steel were exported from Belarus; surging by 7.3% compared with 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of railway or tramway track constructions of iron or steel rose significantly to $4.5M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Belarus in 2022:

1. Kazakhstan (1675.0 tons)
2. Ukraine (229.4 tons)
3. Uzbekistan (188.9 tons)
4. Georgia (56.3 tons)

Imports of Railway or Tramway Track Constructions of Iron or Steel in Belarus

In 2022, purchases abroad of railway or tramway track constructions of iron or steel decreased by -97.7% to 403 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a dramatic contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. As a result, imports attained the peak of 42K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of railway or tramway track constructions of iron or steel contracted notably to $851K in 2022. Overall, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of $49M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Belarus in 2022:

1. Russia (333.9 tons)
2. Kazakhstan (55.4 tons)
3. Ukraine (9.7 tons)

Source: IndexBox Market Intelligence Platform