Central Asia: Base Metal Hook Market 2024

Base Metal Hook Market Size in Central Asia

The Central Asian base metal hook market declined markedly to $X in 2022, shrinking by -38.6% against the previous year. Overall, consumption, however, continues to indicate a significant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Base Metal Hook Production in Central Asia

In value terms, base metal hook production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a sharp setback. The growth pace was the most rapid in 2014 when the production volume increased by 55%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Base Metal Hook Exports

Exports in Central Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of base metal hooks, eyes and eyelets, when their volume decreased by -82.4% to X tons. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 9,574%. The volume of export peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, base metal hook exports surged to $X in 2022. Overall, exports, however, showed a resilient increase. The growth pace was the most rapid in 2020 when exports increased by 661%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Kazakhstan represented the main exporting country with an export of about X tons, which finished at 87% of total exports. It was distantly followed by Kyrgyzstan (X tons), constituting an 11% share of total exports.

Kazakhstan was also the fastest-growing in terms of the base metal hooks, eyes and eyelets exports, with a CAGR of +43.5% from 2012 to 2022. At the same time, Kyrgyzstan (+7.2%) displayed positive paces of growth. While the share of Kazakhstan (+53 p.p.) and Kyrgyzstan (+11 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest base metal hook supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +22.4%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, jumping by 4,121% against the previous year. In general, the export price, however, recorded a abrupt contraction. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-1.6%).

Base Metal Hook Imports

Imports in Central Asia

In 2022, approx. X tons of base metal hooks, eyes and eyelets were imported in Central Asia; waning by -11.8% compared with 2021 figures. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2017 with an increase of 628% against the previous year. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, base metal hook imports declined notably to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 421%. The level of import peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Uzbekistan prevails in imports structure, accounting for X tons, which was near 88% of total imports in 2022. It was distantly followed by Kyrgyzstan (X tons), generating a 7.2% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to base metal hook imports into Uzbekistan stood at +26.8%. At the same time, Kyrgyzstan (+29.5%) and Kazakhstan (+19.2%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +29.5% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by +88 percentage points.

In value terms, Uzbekistan ($X) constitutes the largest market for imported base metal hooks, eyes and eyelets in Central Asia, comprising 59% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 23% share of total imports.

In Uzbekistan, base metal hook imports increased at an average annual rate of +27.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+15.9% per year) and Kyrgyzstan (+29.2% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, declining by -25% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of 18%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Kazakhstan ($X per ton), while Uzbekistan ($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 (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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