Central Asia: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Central Asia

The Central Asian base metal hinge market surged to $X in 2021, picking up by 18% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Base Metal Hinge Production in Central Asia

In value terms, base metal hinge production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 27% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Base Metal Hinge Exports

Exports in Central Asia

In 2021, after five years of growth, there was significant decline in shipments abroad of base metal hinges, when their volume decreased by -9.5% to X tons. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2018 with an increase of 404% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then contracted in the following year.

In value terms, base metal hinge exports shrank slightly to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 552% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell modestly in the following year.

Exports by Country

Uzbekistan was the key exporter of base metal hinges in Central Asia, with the volume of exports finishing at X tons, which was near 69% of total exports in 2021. It was distantly followed by Kazakhstan (X tons), generating a 30% share of total exports.

Uzbekistan was also the fastest-growing in terms of the base metal hinges exports, with a CAGR of +118.8% from 2012 to 2021. At the same time, Kazakhstan (+49.1%) displayed positive paces of growth. From 2012 to 2021, the share of Uzbekistan increased by +69 percentage points.

In value terms, Uzbekistan ($X) remains the largest base metal hinge supplier in Central Asia, comprising 79% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan totaled +138.7%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, rising by 7.3% against the previous year. Overall, the export price, however, recorded a deep contraction. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.1%).

Base Metal Hinge Imports

Imports in Central Asia

In 2021, overseas purchases of base metal hinges decreased by -31.4% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 83% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, base metal hinge imports soared to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 86% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

In 2021, Kazakhstan (X tons) was the main importer of base metal hinges, mixing up 60% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 19% share, followed by Tajikistan (8.8%) and Kyrgyzstan (7.5%). Turkmenistan (X tons) and Mongolia (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of +12.6% from 2012 to 2021. At the same time, Kyrgyzstan (+17.3%) and Mongolia (+8.2%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +17.3% from 2012-2021. Tajikistan experienced a relatively flat trend pattern. By contrast, Turkmenistan (-4.4%) and Uzbekistan (-17.1%) illustrated a downward trend over the same period. Uzbekistan (+19 p.p.), Kazakhstan (+2.8 p.p.) and Kyrgyzstan (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan and Tajikistan saw its share reduced by -9.4% and -13.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported base metal hinges in Central Asia, comprising 56% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 27% share of total imports. It was followed by Tajikistan, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +17.7%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+21.6% per year) and Tajikistan (+5.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, with an increase of 74% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal hinge import price increased by +107.7% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+46.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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