CIS: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in CIS

The CIS metal link chain parts market was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, showed a noticeable decrease. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in CIS

In value terms, metal link chain parts production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 5.5%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in CIS

Metal link chain parts exports soared to X tons in 2021, growing by 36% on 2020. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 145% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal link chain parts exports surged to $X in 2021. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 226% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which resulted at 65% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with a 25% share, followed by Belarus (8.2%). Armenia (X tons) took a relatively small share of total exports.

Exports from Russia decreased at an average annual rate of -9.8% from 2012 to 2021. At the same time, Armenia (+141.6%) and Belarus (+10.6%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +141.6% from 2012-2021. By contrast, Kazakhstan (-19.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Belarus and Armenia increased by +16, +7.2 and +1.7 percentage points, respectively.

In value terms, Russia ($X) remains the largest metal link chain parts supplier in the CIS, comprising 83% of total exports. The second position in the ranking was taken by Belarus ($X), with an 8.7% share of total exports. It was followed by Kazakhstan, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to -6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+9.3% per year) and Kazakhstan (-23.3% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, with a decrease of -14.1% against the previous year. In general, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2016 when the export price increased by 178%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Russia (+4.3%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in CIS

In 2021, overseas purchases of iron or steel parts of articulated link chain increased by 51% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a slight slump. The pace of growth was the most pronounced in 2016 with an increase of 76% against the previous year. 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 link chain parts imports surged to $X in 2021. Overall, imports, however, showed a mild shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was near 89% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), generating a 5.6% share of total imports. Belarus (X tons) took a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of iron or steel parts of articulated link chain. Kazakhstan (-1.5%) and Belarus (-12.3%) illustrated a downward trend over the same period. Russia (+7 p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by -7.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in the CIS, comprising 77% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 12% share of total imports.

In Russia, metal link chain parts imports contracted by an average annual rate of -1.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+6.3% per year) and Belarus (-10.9% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, shrinking by -2.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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