CIS: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in CIS

The CIS steel plaited band market rose slightly to $X in 2022, with an increase of 4.6% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Steel Plaited Band Production in CIS

In value terms, steel plaited band production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports in CIS

In 2022, approx. X tons of iron or steel plaited bands and slings were exported in the CIS; growing by 4% compared with 2021. Over the period under review, exports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2014 when exports increased by 62%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, steel plaited band exports shrank remarkably to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 121% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was approx. 92% of total exports in 2022. Kazakhstan (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of -2.4% from 2012 to 2022. At the same time, Kazakhstan (+27.1%) and Azerbaijan (+22.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +27.1% from 2012-2022. Kazakhstan (+3.1 p.p.) and Azerbaijan (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -5.4% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest steel plaited band supplier in the CIS, comprising 94% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 1.4% share of total exports.

In Russia, steel plaited band exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+21.7% per year) and Azerbaijan (+18.2% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -29.9% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band export price increased by +32.4% against 2019 indices. The growth pace was the most rapid in 2021 when the export price increased by 63% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($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 (+3.2%), while the other leaders experienced a decline in the export price figures.

Steel Plaited Band Imports

Imports in CIS

After two years of decline, overseas purchases of iron or steel plaited bands and slings increased by 52% to X tons in 2022. Over the period under review, imports, however, saw a mild shrinkage. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, steel plaited band imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 51%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Uzbekistan (X tons) was the key importer of iron or steel plaited bands and slings, making up 50% of total imports. Russia (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (13%), Azerbaijan (13%) and Tajikistan (6.3%).

Uzbekistan was also the fastest-growing in terms of the iron or steel plaited bands and slings imports, with a CAGR of +104.6% from 2012 to 2022. At the same time, Tajikistan (+2.1%) and Kazakhstan (+1.4%) displayed positive paces of growth. By contrast, Azerbaijan (-3.6%) and Russia (-5.0%) illustrated a downward trend over the same period. Uzbekistan (+50 p.p.), Kazakhstan (+2.8 p.p.) and Tajikistan (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Azerbaijan and Russia saw its share reduced by -4.1% and -7.3% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported iron or steel plaited bands and slings in the CIS, comprising 50% of total imports. The second position in the ranking was held by Russia ($X), with a 21% share of total imports. It was followed by Kazakhstan, with an 11% share.

In Uzbekistan, steel plaited band imports expanded at an average annual rate of +113.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-4.6% per year) and Kazakhstan (-0.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, reducing by -15.7% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band import price decreased by -17.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 24%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Tajikistan ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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