Central Asia: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Central Asia

The Central Asian base metal flexible tubing market skyrocketed to $X in 2021, picking up by 16% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in Central Asia

In value terms, base metal flexible tubing production amounted to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 43%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in Central Asia

In 2021, exports of base metal flexible tubing, iron or steel in Central Asia soared to X tons, growing by 106% compared with 2020. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 6,514%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, base metal flexible tubing exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 1,764% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) represented the major exporter of base metal flexible tubing, iron or steel in Central Asia, committing 99% of total export.

Kazakhstan was also the fastest-growing in terms of the base metal flexible tubing, iron or steel exports, with a CAGR of +28.1% from 2012 to 2021. From 2012 to 2021, the share of Kazakhstan increased by +5.9 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 base metal flexible tubing supplier in Central Asia.

In Kazakhstan, base metal flexible tubing exports expanded at an average annual rate of +31.5% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, growing by 17% against the previous year. In general, the export price posted moderate growth. The growth pace was the most rapid in 2017 an increase of 993% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +2.7% per year.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in Central Asia

In 2021, after three years of decline, there was significant growth in supplies from abroad of base metal flexible tubing, iron or steel, when their volume increased by 14% to X tons. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 84% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, base metal flexible tubing imports surged to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) dominates imports structure, together generating 85% of total imports. It was distantly followed by Turkmenistan (X tons), constituting an 8.7% share of total imports. The following importers - Mongolia (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) - together made up 6.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +85.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported base metal flexible tubing, iron or steel in Central Asia, comprising 63% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 24% share of total imports. It was followed by Turkmenistan, with a 6% share.

In Kazakhstan, base metal flexible tubing imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+93.0% per year) and Turkmenistan (+4.4% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, surging by 52% against the previous year. Import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the import price increased by 73%. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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