CIS: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in CIS

The CIS metal stud-link chain market skyrocketed to $X in 2021, rising by 74% against the previous year. In general, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Stud-Link Chain Production in CIS

In value terms, metal stud-link chain production soared to $X in 2021 estimated in export price. In general, production faced a abrupt decline. The pace of growth appeared the most rapid in 2015 when the production volume increased by 100% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Stud-Link Chain Exports

Exports in CIS

In 2021, shipments abroad of iron/steel stud-link chain decreased by -22% to X tons, falling for the third year in a row after three years of growth. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 192% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal stud-link chain exports contracted notably to $X in 2021. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 313%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Russia (X tons) was the major exporter of iron/steel stud-link chain, generating 69% of total exports. Azerbaijan (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (6%).

From 2012 to 2021, average annual rates of growth with regard to metal stud-link chain exports from Russia stood at -9.6%. At the same time, Kazakhstan (+1.2%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +1.2% from 2012-2021. Azerbaijan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Azerbaijan and Kazakhstan increased by +23 and +3.4 percentage points, respectively.

In value terms, Russia ($X) remains the largest metal stud-link chain supplier in the CIS, comprising 81% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at -9.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (-22.3% per year) and Kazakhstan (-13.9% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, shrinking by -21.8% against the previous year. Over the period under review, the export price showed a mild setback. The most prominent rate of growth was recorded in 2020 when the export price increased by 52% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Kazakhstan ($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 (+0.6%), while the other leaders experienced a decline in the export price figures.

Metal Stud-Link Chain Imports

Imports in CIS

Metal stud-link chain imports soared to X tons in 2021, rising by 42% against the year before. In general, imports, however, recorded a perceptible descent. The growth pace was the most rapid in 2017 when imports increased by 109% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, metal stud-link chain imports surged to $X in 2021. Overall, imports, however, recorded a slight contraction. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia was the largest importing country with an import of about X tons, which amounted to 48% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 28% share, followed by Azerbaijan (12%) and Kyrgyzstan (4.9%). The following importers - Belarus (X tons) and Tajikistan (X tons) - each amounted to a 3.7% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Azerbaijan (with a CAGR of +55.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported iron/steel stud-link chain in the CIS, comprising 59% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 24% share of total imports. It was followed by Azerbaijan, with a 7.5% share.

In Russia, metal stud-link chain imports shrank by an average annual rate of -4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+8.7% per year) and Azerbaijan (+47.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, growing by 32% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal stud-link chain import price increased by +10.3% against 2018 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 55%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Tajikistan ($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 (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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