CIS: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in CIS

After three years of growth, the CIS silicon-electrical steel flat-rolled product market decreased by -2.1% to $X in 2021. Overall, consumption, however, enjoyed prominent growth. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in CIS

In value terms, silicon-electrical steel flat-rolled product production fell modestly to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +97.3% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 70% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in CIS

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were exported in the CIS; dropping by -2.2% compared with 2020 figures. In general, exports saw a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. Over the period under review, exports showed a pronounced descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of flat-rolled products of silicon-electrical steel, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the flat-rolled products of silicon-electrical steel exports, with a CAGR of -1.9% 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 silicon-electrical steel flat-rolled product supplier in the CIS.

In Russia, silicon-electrical steel flat-rolled product exports plunged by an average annual rate of -2.4% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, with an increase of 52% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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 -0.6% per year.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports in CIS

In 2021, purchases abroad of flat-rolled products of silicon-electrical steel increased by 19% to X tons, rising for the sixth consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belarus was the key importing country with an import of around X tons, which reached 59% of total imports. Kazakhstan (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (7.6%). The following importers - Azerbaijan (X tons), Moldova (X tons) and Russia (X tons) - each reached a 6% share of total imports.

Imports into Belarus decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Uzbekistan (+69.2%), Kazakhstan (+16.2%), Moldova (+16.0%) and Azerbaijan (+15.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +69.2% from 2012-2021. By contrast, Russia (-15.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan, Uzbekistan and Azerbaijan increased by +18, +7.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silicon-electrical steel flat-rolled product importing markets in the CIS were Belarus ($X), Kazakhstan ($X) and Uzbekistan ($X), together accounting for 94% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +70.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 32% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :