CIS: Carbides Market 2024

Carbides Market Size in CIS

The CIS carbides market declined slightly to $X in 2022, which is down by -3% against the previous year. In general, consumption continues to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 7.3% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Carbides Production in CIS

In value terms, carbides production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 7.8% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Carbides Exports

Exports in CIS

In 2022, after two years of growth, there was significant decline in overseas shipments of carbides, when their volume decreased by -7.8% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, carbides exports reduced to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 32%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which recorded 66% of total exports. It was distantly followed by Kazakhstan (X tons), making up a 33% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of +0.9%).

In value terms, Russia ($X) remains the largest carbides supplier in the CIS, comprising 70% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by 8.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.9%).

Carbides Imports

Imports in CIS

In 2022, the amount of carbides imported in the CIS reached X tons, remaining relatively unchanged against the year before. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.0% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 22%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, carbides imports dropped to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 34%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined modestly in the following year.

Imports by Country

Russia was the main importer of carbides in the CIS, with the volume of imports amounting to X tons, which was approx. 74% of total imports in 2022. Belarus (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (6.5%). Kazakhstan (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to carbides imports into Russia stood at +10.5%. At the same time, Kazakhstan (+45.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +45.9% from 2012-2022. Uzbekistan experienced a relatively flat trend pattern. By contrast, Belarus (-5.5%) illustrated a downward trend over the same period. While the share of Russia (+25 p.p.), Uzbekistan (+6.5 p.p.) and Kazakhstan (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (-27.1 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported carbides in the CIS, comprising 68% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total imports. It was followed by Belarus, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +4.5%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+20.8% per year) and Belarus (-8.4% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a perceptible descent. The growth pace was the most rapid in 2017 an increase of 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :