Belarus: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Belarus

In 2020, the Belarusian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a pronounced decline. The pace of growth was the most pronounced in 2018 when the market value increased by X%. Iron, steel or aluminium reservoir consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Belarus

In value terms, iron, steel or aluminium reservoir production reduced to $X in 2020 estimated in export price. Over the period under review, production, however, saw a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of X%. Iron, steel or aluminium reservoir production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

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Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Belarus

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir exports reduced to $X in 2020. Over the period under review, exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for iron, steel or aluminium reservoir exports from Belarus, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), fivefold. Kazakhstan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for iron, steel or aluminium reservoirs, tanks, vats and similar containers exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, declining by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2020, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Kazakhstan ($X per unit), while the average price for exports to Uzbekistan ($X per unit) and Ukraine ($X per unit) were amongst the lowest.

From 2012 to 2020, 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.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Belarus

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Belarus; dropping by X% on the previous year's figure. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports reduced sharply to $X in 2020. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain momentum.

Imports by Country

Russia (X units), China (X units) and Ukraine (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Belarus, with a combined X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Germany ($X) appeared to be the largest iron, steel or aluminium reservoir suppliers to Belarus, with a combined X% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, dropping by X% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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