Central Asia: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Central Asia

The Central Asian market for railway or tramway track construction material of iron or steel surged to $X in 2021, rising by 23% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Central Asia

In value terms, production of railway or tramway track construction material of iron or steel shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 88% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then shrank in the following year.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports in Central Asia

Exports of railway or tramway track construction material of iron or steel dropped to X tons in 2021, shrinking by -3% against the previous year's figure. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 87% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel amounted to $X in 2021. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 134% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan was the major exporting country with an export of around X tons, which recorded 59% of total exports. Uzbekistan (X tons) held a 29% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (13%).

Exports from Kazakhstan decreased at an average annual rate of -15.5% from 2012 to 2021. At the same time, Uzbekistan (+25.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +25.7% from 2012-2021. By contrast, Kyrgyzstan (-10.4%) illustrated a downward trend over the same period. While the share of Uzbekistan (+29 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-29.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron and steel railway construction materials supplying countries in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), with a combined 99.9% share of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of +56.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 3.6% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for railway or tramway track construction material of iron or steel increased by +60.8% against 2018 indices. The growth pace was the most rapid in 2020 when the export price increased by 38%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan ($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 (+24.9%), while the other leaders experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports in Central Asia

In 2021, the amount of railway or tramway track construction material of iron or steel imported in Central Asia soared to X tons, jumping by 53% compared with the previous year. Overall, imports, however, saw a deep slump. The growth pace was the most rapid in 2017 with an increase of 164%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of railway or tramway track construction material of iron or steel surged to $X in 2021. In general, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 280%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Uzbekistan (X tons) and Mongolia (X tons) were the largest importers of railway or tramway track construction material of iron or steel in 2021, finishing at near 40% and 29% of total imports, respectively. Kazakhstan (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (12%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkmenistan (with a CAGR of +16.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Uzbekistan ($X), Mongolia ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 90% share of total imports. These countries were followed by Turkmenistan, which accounted for a further 8.5%.

Turkmenistan, with a CAGR of +14.9%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2017 when the import price increased by 44% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :