CIS: Base Metal Hook Market 2024

Base Metal Hook Market Size in CIS

The CIS base metal hook market declined to $X in 2022, dropping by -9% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Base Metal Hook Production in CIS

In value terms, base metal hook production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Base Metal Hook Exports

Exports in CIS

After six years of growth, overseas shipments of base metal hooks, eyes and eyelets decreased by -37.9% to X tons in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 173% against the previous year. The volume of export peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, base metal hook exports shrank slightly to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 103% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Belarus was the key exporter of base metal hooks, eyes and eyelets in the CIS, with the volume of exports accounting for X tons, which was near 59% of total exports in 2022. It was distantly followed by Russia (X tons), making up a 38% share of total exports. Kazakhstan (X tons) took a relatively small 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 Kazakhstan (with a CAGR of +43.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hook supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), with a combined 99% share of total exports.

Among the main exporting countries, Kazakhstan, with a CAGR of +22.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with an increase of 59% against the previous year. Overall, the export price, however, saw a deep contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-4.2%), while the other leaders experienced a decline in the export price figures.

Base Metal Hook Imports

Imports in CIS

Base metal hook imports reduced to X tons in 2022, dropping by -12.2% against 2021 figures. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2017 when imports increased by 144% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, base metal hook imports reduced markedly to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Uzbekistan represented the major importing country with an import of around X tons, which finished at 63% of total imports. Russia (X tons) ranks second in terms of the total imports with a 22% share, followed by Belarus (5.6%) and Kyrgyzstan (5.1%). Kazakhstan (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to base metal hook imports into Uzbekistan stood at +26.8%. At the same time, Kyrgyzstan (+29.5%), Kazakhstan (+19.2%) and Belarus (+11.2%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +29.5% from 2012-2022. Russia experienced a relatively flat trend pattern. While the share of Uzbekistan (+63 p.p.) and Kyrgyzstan (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (-2.2 p.p.) and Russia (-63.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported base metal hooks, eyes and eyelets in the CIS, comprising 53% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total imports. It was followed by Belarus, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +3.4%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+27.2% per year) and Belarus (-1.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, reducing by -8.9% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 19%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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