Central Asia: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Central Asia

The Central Asian non-malleable cast iron articles market declined to $X in 2022, dropping by -6.1% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.8% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Articles Of Non-Malleable Cast Iron in Central Asia

In value terms, non-malleable cast iron articles production dropped to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Central Asia

In 2022, the amount of articles of non-malleable cast iron exported in Central Asia soared to X tons, picking up by 31% on the previous year's figure. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 4,682%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 4,544% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Kazakhstan (X tons) represented the largest exporter of articles of non-malleable cast iron in Central Asia, comprising 99% of total export.

Kazakhstan was also the fastest-growing in terms of the articles of non-malleable cast iron exports, with a CAGR of +22.8% from 2012 to 2022. From 2012 to 2022, the share of Kazakhstan increased by +20 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest non-malleable cast iron articles supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +29.8%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, leveling off at the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by +81.5% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 50% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +5.7% per year.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Central Asia

In 2022, imports of articles of non-malleable cast iron in Central Asia skyrocketed to X tons, increasing by 15% compared with the previous year. Overall, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 18%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the largest importer of articles of non-malleable cast iron in Central Asia, with the volume of imports resulting at X tons, which was near 72% of total imports in 2022. It was distantly followed by Mongolia (X tons), Kyrgyzstan (X tons) and Turkmenistan (X tons), together mixing up a 24% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan decreased at an average annual rate of -6.6% from 2012 to 2022. At the same time, Kyrgyzstan (+23.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +23.4% from 2012-2022. By contrast, Mongolia (-1.1%), Uzbekistan (-5.5%) and Turkmenistan (-14.4%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (+6.7 p.p.), Mongolia (+4.3 p.p.) and Uzbekistan (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-4.6 p.p.) and Turkmenistan (-9.5 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported articles of non-malleable cast iron in Central Asia, comprising 80% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 6.4% share of total imports. It was followed by Turkmenistan, with a 5.3% share.

In Kazakhstan, non-malleable cast iron articles imports declined by an average annual rate of -2.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+27.0% per year) and Turkmenistan (-14.2% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, increasing by 6.8% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles import price increased by +4.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 36%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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