Kazakhstan: Iron Angle Market 2024

Iron Angle Market Size in Kazakhstan

The Kazakh iron angle market soared to $X in 2021, with an increase of 21% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Iron angle consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Iron Angle Production in Kazakhstan

In value terms, iron angle production fell to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 51%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Iron Angle Exports

Exports from Kazakhstan

In 2021, iron angle exports from Kazakhstan soared to X tons, with an increase of 46% compared with the previous year. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 356% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, iron angle exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 317% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons) were the main destinations of iron angle exports from Kazakhstan, together comprising 99.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +73.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the largest markets for iron angle exported from Kazakhstan worldwide, together comprising 99.9% of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +63.2%, 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 iron angle export price stood at $X per ton in 2021, picking up by 14% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 53% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Kazakhstan

After two years of growth, supplies from abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by -4.8% to X tons in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, iron angle imports soared to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) was the main supplier of iron angle to Kazakhstan, accounting for a 96% share of total imports. It was followed by China (X tons), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.3% per year) and Ukraine (-30.7% per year).

In value terms, Russia ($X) constituted the largest supplier of angles, shapes and sections (of iron or non-alloy steel) to Kazakhstan, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.8% per year) and Ukraine (-27.1% per year).

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, surging by 51% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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