CIS: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in CIS

The CIS market for tube or pipe fittings (of iron or steel) reached $X in 2022, picking up by 2.8% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in CIS

In value terms, iron or steel tube fitting production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports in CIS

In 2022, after two years of decline, there was significant growth in shipments abroad of tube or pipe fittings (of iron or steel), when their volume increased by 18% to X tons. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting exports rose notably to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Russia (X tons) and Belarus (X tons), together amounting to 99% of total export.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +8.5%).

In value terms, Russia ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Belarus, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, declining by -4.6% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of 11%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.6%).

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports in CIS

After two years of decline, supplies from abroad of tube or pipe fittings (of iron or steel) increased by 3.2% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, iron or steel tube fitting imports expanded modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia represented the key importing country with an import of about X tons, which amounted to 66% of total imports. Kazakhstan (X tons) held the second position in the ranking, distantly followed by Uzbekistan (X tons) and Belarus (X tons). All these countries together held near 27% share of total imports. The following importers - Azerbaijan (X tons) and Kyrgyzstan (X tons) - together made up 5.2% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of tube or pipe fittings (of iron or steel). At the same time, Uzbekistan (+11.7%) and Kyrgyzstan (+7.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +11.7% from 2012-2022. By contrast, Kazakhstan (-1.1%), Azerbaijan (-1.2%) and Belarus (-3.0%) illustrated a downward trend over the same period. Uzbekistan (+7 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Kazakhstan saw its share reduced by -2.5% and -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tube or pipe fittings (of iron or steel) in the CIS, comprising 63% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 19% share of total imports. It was followed by Azerbaijan, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (-0.4% per year) and Azerbaijan (-1.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2016 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 Azerbaijan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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