Central Asia: Market for Iron and Steel Wire 2025

Market Size for Iron and Steel Wire in Central Asia

The Central Asian iron and steel wire market contracted markedly to $X in 2021, waning by -50.7% against the previous year. Overall, consumption saw a noticeable decline. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Iron and Steel Wire in Central Asia

In value terms, iron and steel wire production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 225% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Iron and Steel Wire

Exports in Central Asia

In 2021, overseas shipments of iron and steel wire decreased by -86.8% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 290%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports fell sharply to $X in 2021. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 207%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Tajikistan represented the largest exporter of iron and steel wire in Central Asia, with the volume of exports accounting for X tons, which was near 85% of total exports in 2021. It was distantly followed by Uzbekistan (X tons), mixing up a 15% share of total exports.

Tajikistan was also the fastest-growing in terms of the iron and steel wire exports, with a CAGR of -7.1% from 2012 to 2021. Uzbekistan (-20.7%) illustrated a downward trend over the same period. Tajikistan (+84 p.p.) and Uzbekistan (+14 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron and steel wire supplying countries in Central Asia were Tajikistan ($X) and Uzbekistan ($X).

Uzbekistan, with a CAGR of -2.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, waning by -38.9% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 38%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+22.6%).

Imports of Iron and Steel Wire

Imports in Central Asia

In 2021, overseas purchases of iron and steel wire decreased by -76.6% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron and steel wire imports declined notably to $X in 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Uzbekistan (X tons) and Kyrgyzstan (X tons) represented roughly 83% of total imports in 2021. Mongolia (X tons) took the next position in the ranking, followed by Tajikistan (X tons). All these countries together held near 17% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mongolia (with a CAGR of +3.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Uzbekistan ($X) constitutes the largest market for imported iron and steel wire in Central Asia, comprising 64% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 23% share of total imports. It was followed by Mongolia, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan stood at +13.0%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (-6.8% per year) and Mongolia (+2.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, picking up by 60% against the previous year. Import price indicated a slight expansion 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. As a result, import price reached 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 ($X per ton), while Tajikistan ($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 (+12.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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