CIS: Metal Bath Market 2024

Metal Bath Market Size in CIS

In 2021, the CIS metal bath market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Bath Production in CIS

In value terms, metal bath production reached $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.7%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Metal Bath Exports

Exports in CIS

In 2021, exports of baths of iron or steel in the CIS contracted to X tons, which is down by -11.8% against the previous year. In general, exports recorded a pronounced slump. The growth pace was the most rapid in 2020 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal bath exports surged to $X in 2021. Overall, exports continue to indicate a noticeable decline. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the largest exporter of baths of iron or steel in the CIS, with the volume of exports amounting to X tons, which was approx. 65% of total exports in 2021. It was distantly followed by Kazakhstan (X tons), mixing up a 32% share of total exports. Belarus (X tons) took a minor share of total exports.

Exports from Russia decreased at an average annual rate of -2.6% from 2012 to 2021. At the same time, Belarus (+6.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +6.5% from 2012-2021. By contrast, Kazakhstan (-7.0%) illustrated a downward trend over the same period. While the share of Russia (+8.4 p.p.) and Belarus (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-10.4 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest metal bath supplier in the CIS, comprising 68% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 31% share of total exports.

In Russia, metal bath exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (-5.1% per year) and Belarus (-3.5% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, increasing by 33% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Metal Bath Imports

Imports in CIS

In 2021, approx. X tons of baths of iron or steel were imported in the CIS; with a decrease of -1.8% against the previous year. In general, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 14%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal bath imports skyrocketed to $X in 2021. Overall, imports recorded a deep downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia represented the largest importing country with an import of about X tons, which resulted at 76% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with an 11% share, followed by Belarus (7.6%). Tajikistan (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal bath imports into Russia stood at -13.4%. At the same time, Tajikistan (+4.9%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +4.9% from 2012-2021. By contrast, Kazakhstan (-4.9%) and Belarus (-8.6%) illustrated a downward trend over the same period. Kazakhstan (+5.6 p.p.), Belarus (+2.2 p.p.) and Tajikistan (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -11.8% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported baths of iron or steel in the CIS, comprising 76% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Belarus, with a 6.7% share.

In Russia, metal bath imports declined by an average annual rate of -9.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-3.5% per year) and Belarus (-6.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, growing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Russia ($X per ton), while Belarus ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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