Report Update Apr 1, 2024

Belarus - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Market for Remelting Scrap Ingots Of Iron Or Steel 2024

Market Size for Remelting Scrap Ingots Of Iron Or Steel in Belarus

The Belarusian metal remelting scrap ingots market reduced rapidly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, continues to indicate significant growth. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Production of Remelting Scrap Ingots Of Iron Or Steel in Belarus

In value terms, metal remelting scrap ingots production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from Belarus

In 2022, shipments abroad of remelting scrap ingots of iron or steel increased by X% to X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal remelting scrap ingots exports totaled $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for metal remelting scrap ingots exports from Belarus, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled X%.

In value terms, the Netherlands ($X) also remains the key foreign market for remelting scrap ingots of iron or steel exports from Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to X%.

Export Prices by Country

The average metal remelting scrap ingots export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into Belarus

In 2022, purchases abroad of remelting scrap ingots of iron or steel decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, metal remelting scrap ingots imports dropped sharply to $X in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, Russia (X tons) was the main supplier of metal remelting scrap ingots to Belarus, with a approx. X% share of total imports.

From 2019 to 2022, the average annual growth rate of volume from Russia amounted to X%.

In value terms, Russia ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to Belarus.

From 2019 to 2022, the average annual rate of growth in terms of value from Russia stood at X%.

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, import price indicated a strong expansion from 2019 to 2022: its price increased at an average annual rate of X% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal remelting scrap ingots import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2019 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of consumption in 2022 were Turkey, India and the United States, together comprising 33% of global consumption. China, Japan, Nigeria, Brazil, Russia, the UK, Bosnia and Herzegovina, Mexico, Germany and Canada lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of production in 2022 were Turkey, India and the United States, with a combined 32% share of global production. China, Japan, Palestine, Nigeria, Brazil, Russia, the UK, Bosnia and Herzegovina, Mexico and Germany lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of remelting scrap ingots of iron or steel to Belarus?

In value terms, Russia constituted the largest supplier of remelting scrap ingots of iron or steel to Belarus.

What are the leading importers of remelting scrap ingots of iron or steel from Belarus?

In value terms, the Netherlands remains the key foreign market for remelting scrap ingots of iron or steel exports from Belarus.

What is the average export price for remelting scrap ingots of iron or steel in Belarus?

The average metal remelting scrap ingots export price stood at $4,447 per ton in 2022, shrinking by -6.7% against the previous year.

What is the average import price for remelting scrap ingots of iron or steel in Belarus?

The average metal remelting scrap ingots import price stood at $426 per ton in 2022, shrinking by -5.7% against the previous year.

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023