CIS: Barbed Wire Market 2024

Barbed Wire Market Size in CIS

In 2021, after three years of growth, there was decline in the CIS barbed wire market, when its value decreased by -2.2% to $X. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Barbed Wire Production in CIS

In value terms, barbed wire production rose to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Barbed Wire Exports

Exports in CIS

In 2021, barbed wire exports in the CIS surged to X tons, growing by 36% on the previous year. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 264%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, barbed wire exports skyrocketed to $X in 2021. In general, exports posted a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 163%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Russia (X tons), together resulting at 100% of total export.

Russia was also the fastest-growing in terms of the barbed wire and entanglements exports, with a CAGR of +10.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest barbed wire supplier in the CIS.

In Russia, barbed wire exports increased at an average annual rate of +6.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2019 when the export price increased by 30%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -3.8% per year.

Barbed Wire Imports

Imports in CIS

In 2021, supplies from abroad of barbed wire and entanglements increased by 6.4% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 57%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, barbed wire imports soared to $X in 2021. In general, imports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan was the largest importing country with an import of around X tons, which resulted at 67% of total imports. Armenia (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Russia (10%). The following importers - Belarus (X tons), Azerbaijan (X tons) and Kyrgyzstan (X tons) - each recorded a 9.4% share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of barbed wire and entanglements. At the same time, Armenia (+22.7%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +22.7% from 2012-2021. By contrast, Belarus (-6.0%), Azerbaijan (-9.6%), Russia (-19.5%) and Kyrgyzstan (-24.7%) illustrated a downward trend over the same period. Kazakhstan (+33 p.p.) and Armenia (+10 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan and Russia saw its share reduced by -15% and -27.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported barbed wire and entanglements in the CIS, comprising 57% of total imports. The second position in the ranking was taken by Russia ($X), with a 17% share of total imports. It was followed by Armenia, with an 8.6% share.

In Kazakhstan, barbed wire imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (-12.4% per year) and Armenia (+19.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 when the import price increased by 16% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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 Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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