Kazakhstan: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Kazakhstan

The Kazakh non-malleable cast iron articles market declined sharply to $X in 2022, shrinking by -15.3% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Non-malleable cast iron articles consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in Kazakhstan

In value terms, non-malleable cast iron articles production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 28% against the previous year. Non-malleable cast iron articles production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Kazakhstan

In 2022, approx. X tons of articles of non-malleable cast iron were exported from Kazakhstan; with an increase of 31% on the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 4,869% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, non-malleable cast iron articles exports soared to $X in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 4,898% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for non-malleable cast iron articles exports from Kazakhstan, with a 97% share of total exports. It was followed by Kyrgyzstan (X tons), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +22.4%.

In value terms, Russia ($X) remains the key foreign market for articles of non-malleable cast iron exports from Kazakhstan, comprising 96% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +29.3%.

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, increasing by 1.8% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by +74.0% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 43% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+6.9%).

Imports of Articles Of Non-Malleable Cast Iron

Imports into Kazakhstan

In 2022, the amount of articles of non-malleable cast iron imported into Kazakhstan soared to X tons, jumping by 16% on the year before. In general, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 44%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports soared to $X in 2022. Overall, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2019 when imports increased by 25%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest non-malleable cast iron articles supplier to Kazakhstan, with a 83% share of total imports. Moreover, non-malleable cast iron articles imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Belarus (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.3% per year) and Belarus (-11.1% per year).

In value terms, Russia ($X) constituted the largest supplier of articles of non-malleable cast iron to Kazakhstan, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 9.2% share of total imports. It was followed by Turkey, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.1% per year) and Turkey (+5.1% per year).

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, picking up by 5.1% against the previous year. Over the period under review, the import price saw noticeable growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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