Kazakhstan: Market for Hot-Rolled Steel Bars and Rods 2024

Market Size for Hot-Rolled Steel Bars and Rods in Kazakhstan

The Kazakh market for hot-rolled steel bars and rods skyrocketed to $X in 2021, growing by 178% against the previous year. Over the period under review, consumption recorded a moderate increase. Hot-rolled steel bar and rod consumption peaked in 2021 and is likely to see gradual growth in years to come.

Production of Hot-Rolled Steel Bars and Rods in Kazakhstan

In value terms, hot-rolled steel bar and rod production expanded sharply to $X in 2021 estimated in export price. In general, production, however, saw a deep downturn. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Kazakhstan

After two years of growth, shipments abroad of hot-rolled steel bars and rods decreased by -23.2% to X tons in 2021. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 552% against the previous year. The exports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, hot-rolled steel bar and rod exports surged to $X in 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 301%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Tajikistan (X tons) was the main destination for hot-rolled steel bar and rod exports from Kazakhstan, accounting for a 66% share of total exports. Moreover, hot-rolled steel bar and rod exports to Tajikistan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. Kyrgyzstan (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Tajikistan totaled +77.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+30.2% per year) and Kyrgyzstan (+20.8% per year).

In value terms, Tajikistan ($X) remains the key foreign market for hot-rolled steel bars and rods exports from Kazakhstan, comprising 64% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 29% share of total exports. It was followed by Kyrgyzstan, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Tajikistan stood at +78.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+42.1% per year) and Kyrgyzstan (+23.6% per year).

Export Prices by Country

In 2021, the average export price for hot-rolled steel bars and rods amounted to $X per ton, growing by 56% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Kyrgyzstan ($X per ton) and Uzbekistan ($X per ton), while the average price for exports to Russia ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Kazakhstan

Hot-rolled steel bar and rod imports into Kazakhstan surged to X tons in 2021, increasing by 66% on the previous year's figure. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 82% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, hot-rolled steel bar and rod imports surged to $X in 2021. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of hot-rolled steel bar and rod to Kazakhstan, with a 89% share of total imports. Moreover, hot-rolled steel bar and rod imports from Russia exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +6.7%.

In value terms, Russia ($X) constituted the largest supplier of hot-rolled steel bars and rods to Kazakhstan, comprising 88% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +5.6%.

Import Prices by Country

In 2021, the average import price for hot-rolled steel bars and rods amounted to $X per ton, growing by 42% against the previous year. In general, the import price, however, recorded a slight downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :