CIS: Metal Letter Clip Market 2024

Metal Letter Clip Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in shipments abroad of letter clips, letter corners of base metal, when their volume decreased by -28.1% to X tons. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 126%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined remarkably in the following year.

In value terms, metal letter clip exports contracted significantly to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 103% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of letter clips, letter corners of base metal, making up 89% of total exports. It was distantly followed by Belarus (X tons), mixing up an 11% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal letter clip exports from Russia stood at +15.7%. At the same time, Belarus (+16.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +16.4% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest metal letter clip supplier in the CIS, comprising 87% of total exports. The second position in the ranking was held by Belarus ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +9.4%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, rising by 3.6% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 6.5% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-4.2%).

Metal Letter Clip Imports

Imports in CIS

Metal letter clip imports amounted to X tons in 2022, approximately reflecting the year before. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% 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 +19.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 34%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, metal letter clip imports shrank modestly to $X in 2022. Total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +28.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the largest importer of letter clips, letter corners of base metal in the CIS, with the volume of imports reaching X tons, which was near 64% of total imports in 2022. Azerbaijan (X tons) held the second position in the ranking, followed by Belarus (X tons), Kyrgyzstan (X tons) and Kazakhstan (X tons). All these countries together took approx. 31% share of total imports. Uzbekistan (X tons) held a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of letter clips, letter corners of base metal. At the same time, Kyrgyzstan (+29.6%), Azerbaijan (+27.9%), Uzbekistan (+12.1%) and Belarus (+5.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +29.6% from 2012-2022. By contrast, Kazakhstan (-6.0%) illustrated a downward trend over the same period. While the share of Azerbaijan (+9.4 p.p.), Kyrgyzstan (+5.6 p.p.), Uzbekistan (+3 p.p.) and Belarus (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-6.2 p.p.) and Russia (-14.7 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported letter clips, letter corners of base metal in the CIS, comprising 66% of total imports. The second position in the ranking was taken by Belarus ($X), with a 12% share of total imports. It was followed by Kazakhstan, with a 6.9% share.

In Russia, metal letter clip imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (+4.5% per year) and Kazakhstan (-3.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, shrinking by -3.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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 Belarus ($X per ton), while Azerbaijan ($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 (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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