Central Asia: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Central Asia

The Central Asian cold-rolled steel products market expanded to $X in 2022, increasing by 4.5% against the previous year. Over the period under review, consumption enjoyed perceptible growth. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Cold-Rolled Steel Products Production in Central Asia

In value terms, cold-rolled steel products production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cold-Rolled Steel Products Exports

Exports in Central Asia

In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) exported in Central Asia was estimated at X tons, picking up by 2% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 29%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cold-rolled steel products exports reduced modestly to $X in 2022. Overall, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together amounting to 99% of total export.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of flat-rolled products of iron or steel (not further worked than cold-rolled). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest cold-rolled steel products supplier in Central Asia.

In Kazakhstan, cold-rolled steel products exports decreased by an average annual rate of -2.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, which is down by -3% against the previous year. Overall, the export price saw a noticeable decrease. The growth pace was the most rapid in 2017 an increase of 32%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 -2.5% per year.

Cold-Rolled Steel Products Imports

Imports in Central Asia

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were imported in Central Asia; growing by 16% compared with 2021 figures. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 43%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cold-rolled steel products imports skyrocketed to $X in 2022. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Uzbekistan prevails in imports structure, reaching X tons, which was approx. 84% of total imports in 2022. It was distantly followed by Kyrgyzstan (X tons), making up a 9.3% share of total imports. Kazakhstan (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cold-rolled steel products imports into Uzbekistan stood at +9.1%. At the same time, Kyrgyzstan (+12.9%) and Kazakhstan (+5.8%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +12.9% from 2012-2022. While the share of Uzbekistan (+4.7 p.p.) and Kyrgyzstan (+3.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported flat-rolled products of iron or steel (not further worked than cold-rolled) in Central Asia, comprising 78% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan amounted to +6.1%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+13.5% per year) and Kazakhstan (+7.3% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, standing approx. at the previous year. Overall, the import price saw a pronounced reduction. The growth pace was the most rapid in 2017 when the import price increased by 13% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Kazakhstan (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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