Central Asia: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in Central Asia

The Central Asian iron or steel leaf-spring market soared to $X in 2022, rising by 42% against the previous year. Overall, consumption showed a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Production of Iron or Steel Leaf-Springs and Leaves in Central Asia

In value terms, iron or steel leaf-spring production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 184% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in Central Asia

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported in Central Asia; shrinking by -31.4% on the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 661%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports skyrocketed to $X in 2022. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 663%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Kyrgyzstan (X tons) and Kazakhstan (X tons) represented roughly 85% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), comprising a 14% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (with a CAGR of +164.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Kazakhstan ($X) remains the largest iron or steel leaf-spring supplier in Central Asia, comprising 74% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled +17.9%. In the other countries, the average annual rates were as follows: Uzbekistan (+213.6% per year) and Kyrgyzstan (-13.8% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by 73% against the previous year. Overall, the export price saw significant growth. The growth pace was the most rapid in 2014 an increase of 318% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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 ($X per ton), while Kyrgyzstan ($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 (+18.8%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in Central Asia

Iron or steel leaf-spring imports soared to X tons in 2022, jumping by 90% on 2021. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel leaf-spring imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan was the largest importer of iron or steel leaf-springs and leaves in Central Asia, with the volume of imports accounting for X tons, which was near 61% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), achieving a 29% share of total imports. Kyrgyzstan (X tons), Tajikistan (X tons) and Mongolia (X tons) held a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the iron or steel leaf-springs and leaves imports, with a CAGR of +52.4% from 2012 to 2022. At the same time, Tajikistan (+8.6%), Kyrgyzstan (+4.6%) and Kazakhstan (+1.0%) displayed positive paces of growth. By contrast, Mongolia (-7.4%) illustrated a downward trend over the same period. While the share of Uzbekistan (+61 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (-3.1 p.p.), Mongolia (-9.7 p.p.) and Kazakhstan (-40.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Tajikistan ($X) constituted the countries with the highest levels of imports in 2022, with a combined 94% share of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +58.7%, recorded the highest rates of growth with regard to the value of imports, 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 2022, dropping by -22.4% against the previous year. In general, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per ton), while Mongolia ($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 (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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