Kazakhstan: Aluminium Market 2024

Aluminium Market Size in Kazakhstan

The Kazakh aluminium market rose significantly to $X in 2022, with an increase of 12% against the previous year. Overall, consumption recorded a significant increase. Aluminium consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Aluminium Production in Kazakhstan

In value terms, aluminium production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Kazakhstan

In 2022, overseas shipments of aluminum (unwrought, not alloyed) decreased by -12.6% to X tons, falling for the third year in a row after five years of growth. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, aluminium exports reached $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Georgia (X tons), Uzbekistan (X tons) and Turkey (X tons) were the main destinations of aluminium exports from Kazakhstan, together comprising 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium exported from Kazakhstan were Georgia ($X), Uzbekistan ($X) and Turkey ($X), with a combined 52% share of total exports.

Among the main countries of destination, Georgia, with a CAGR of +76.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium export price stood at $X per ton in 2022, jumping by 17% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium export price increased by +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Greece ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Imports

Imports into Kazakhstan

In 2022, overseas purchases of aluminum (unwrought, not alloyed) decreased by -98.1% to X tons, falling for the second year in a row after six years of growth. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 856% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, aluminium imports fell sharply to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 617%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest aluminium supplier to Kazakhstan, with a 58% share of total imports. Moreover, aluminium imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.7% per year) and Kyrgyzstan (+18.9% per year).

In value terms, the largest aluminium suppliers to Kazakhstan were Russia ($X), Germany ($X) and Kyrgyzstan ($X), together comprising 99.9% of total imports.

Kyrgyzstan, with a CAGR of +30.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, picking up by 44% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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