Central Asia: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Central Asia

The Central Asian metal hot-worked helical spring market plummeted to $X in 2021, waning by -48.3% against the previous year. In general, consumption, however, showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank remarkably in the following year.

Production of Iron or Steel Hot-Worked Helical Springs in Central Asia

In value terms, metal hot-worked helical spring production declined notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,532% against the previous year. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Central Asia

In 2021, approx. X tons of iron or steel hot-worked helical springs were exported in Central Asia; declining by -10.9% on 2020 figures. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 206% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal hot-worked helical spring exports surged to $X in 2021. In general, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2015 when exports increased by 132%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan was the largest exporter of iron or steel hot-worked helical springs in Central Asia, with the volume of exports reaching X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Uzbekistan (X tons), making up an 11% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +30.1% from 2012 to 2021. At the same time, Uzbekistan (+110.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +110.1% from 2012-2021. Kazakhstan (+65 p.p.) and Uzbekistan (+11 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, Kazakhstan ($X) remains the largest metal hot-worked helical spring supplier in Central Asia, comprising 72% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +10.8%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, picking up by 37% against the previous year. Overall, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2015 when the export price increased by 104%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.6%).

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Central Asia

In 2021, after four years of growth, there was significant decline in purchases abroad of iron or steel hot-worked helical springs, when their volume decreased by -70.7% to X tons. In general, imports recorded a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 234%. The volume of import peaked at X tons in 2020, and then contracted markedly in the following year.

In value terms, metal hot-worked helical spring imports reduced rapidly to $X in 2021. Overall, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 110% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank markedly in the following year.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) were the major importers of iron or steel hot-worked helical springs in 2021, amounting to approx. 42% and 34% of total imports, respectively. It was distantly followed by Kyrgyzstan (X tons), mixing up an 18% share of total imports. Mongolia (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Mongolia (with a CAGR of +11.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 93% of total imports.

Uzbekistan, with a CAGR of +24.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, picking up by 96% against the previous year. In general, the import price recorded pronounced growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($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 (+67.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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