Central Asia: Market for Hot-Rolled Round Bars Of Stainless Steel 2025

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Central Asia

In 2021, the Central Asian hot-rolled round stainless steel market decreased by less than 0.1% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, showed a temperate increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Hot-Rolled Round Bars Of Stainless Steel in Central Asia

In value terms, hot-rolled round stainless steel production amounted to $X in 2021 estimated in export price. In general, production, however, saw a measured expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 152%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports in Central Asia

In 2021, the amount of hot-rolled round bars of stainless steel exported in Central Asia skyrocketed to X tons, rising by 1,153% compared with 2020. In general, exports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 2,122%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled round stainless steel exports surged to $X in 2021. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together resulting at 100% of total export.

Kazakhstan was also the fastest-growing in terms of the hot-rolled round bars of stainless steel exports, with a CAGR of +203.1% from 2013 to 2021. From 2013 to 2021, the share of Kazakhstan increased by +99 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 hot-rolled round stainless steel supplier in Central Asia.

From 2013 to 2021, the average annual rate of growth in terms of value in Kazakhstan totaled +228.2%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, surging by 225% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 225%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2013 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +8.3% per year.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports in Central Asia

In 2021, overseas purchases of hot-rolled round bars of stainless steel decreased by -20.1% to X tons, falling for the second year in a row after four years of growth. Overall, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 40% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, hot-rolled round stainless steel imports surged to $X in 2021. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 57%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan prevails in imports structure, resulting at X tons, which was approx. 87% of total imports in 2021. It was distantly followed by Tajikistan (X tons), making up a 7.4% share of total imports. Uzbekistan (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hot-rolled round stainless steel imports into Kazakhstan stood at -3.7%. Tajikistan experienced a relatively flat trend pattern. Uzbekistan (-34.5%) illustrated a downward trend over the same period. Uzbekistan (+4.1 p.p.) and Tajikistan (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -2.2% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported hot-rolled round bars of stainless steel in Central Asia, comprising 90% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to -6.6%. In the other countries, the average annual rates were as follows: Uzbekistan (-30.1% per year) and Tajikistan (-5.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, surging by 44% against the previous year. In general, the import price, however, showed a pronounced decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 ($X per ton), while Tajikistan ($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 (+6.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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