Central Asia: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Central Asia

The Central Asian iron and steel wire market shrank to $X in 2020, stabilizing at the previous year. The total consumption indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Central Asia

In value terms, iron and steel wire production surged to $X in 2020 estimated in export prices. Over the period under review, production showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Production By Country in Central Asia

Kazakhstan (X tons) remains the largest iron and steel wire producing country in Central Asia, accounting for X% of total volume.

In Kazakhstan, iron and steel wire production increased at an average annual rate of +X% over the period from 2007-2020.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports in Central Asia

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in years to come.

In value terms, iron and steel wire exports amounted to $X in 2020. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. The level of export peaked in 2020 and is likely to continue growth in the immediate term.

Exports by Country

In 2020, Kazakhstan (X tons) represented the largest exporter of wire of iron or non-alloy steel (stainless steel or other alloy steel), generating X% of total exports. Tajikistan (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Kyrgyzstan (X%). Uzbekistan (X tons) followed a long way behind the leaders.

Exports from Kazakhstan increased at an average annual rate of +X% from 2007 to 2020. At the same time, Uzbekistan (+X%), Tajikistan (+X%) and Kyrgyzstan (+X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Tajikistan and Uzbekistan increased by +X% and +X% percentage points, while Kazakhstan (-X p.p.) and Kyrgyzstan (-X p.p.) saw their share reduced.

In value terms, Kazakhstan ($X) remains the largest iron and steel wire supplier in Central Asia, comprising X% of total exports. The second position in the ranking was occupied by Tajikistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

In Kazakhstan, iron and steel wire exports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Tajikistan (+X% per year) and Kyrgyzstan (+X% per year).

Export Prices by Country

The iron and steel wire export price in Central Asia stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2011 to 2020, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other leaders experienced a decline in the export price figures.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports in Central Asia

In 2020, iron and steel wire imports in Central Asia expanded to X tons, surging by X% on 2019. Total imports indicated a moderate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports shrank to $X in 2020. Total imports indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the key importer of wire of iron or non-alloy steel (stainless steel or other alloy steel) in Central Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2020. It was distantly followed by Uzbekistan (X tons), Kyrgyzstan (X tons), Tajikistan (X tons) and Turkmenistan (X tons), together creating a X% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to iron and steel wire imports into Kazakhstan stood at +X%. At the same time, Uzbekistan (+X%), Tajikistan (+X%), Kyrgyzstan (+X%), Mongolia (+X%) and Turkmenistan (+X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Uzbekistan, Kyrgyzstan and Tajikistan increased by +X%, +X% and +X% percentage points, while Kazakhstan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported wire of iron or non-alloy steel (stainless steel or other alloy steel) in Central Asia, comprising X% of total imports. The second position in the ranking was occupied by Uzbekistan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Kazakhstan, iron and steel wire imports remained relatively stable over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+X% per year) and Kyrgyzstan (+X% per year).

Import Prices by Country

The iron and steel wire import price in Central Asia stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the import price saw a mild setback. The growth pace was the most rapid in 2008 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mongolia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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