Kazakhstan: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Kazakhstan

The Kazakh cored arc-welding wire market skyrocketed to $X in 2021, increasing by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports from Kazakhstan

In 2021, overseas shipments of cored arc-welding wire increased by 531% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,106%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2021. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,416% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Russia (X tons), Uzbekistan (X tons) and Kyrgyzstan (X kg) were the main destinations of cored arc-welding wire exports from Kazakhstan, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +60.8%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for cored arc-welding wire exports from Kazakhstan, comprising 66% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+56.6% per year) and Kyrgyzstan (+10.7% per year).

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 178%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Russia (-2.5%), while the prices for the other major destinations experienced a decline.

Cored Arc-Welding Wire Imports

Imports into Kazakhstan

For the third year in a row, Kazakhstan recorded growth in purchases abroad of cored arc-welding wire, which increased by 41% to X tons in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 110%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, cored arc-welding wire imports skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 74% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest cored arc-welding wire supplier to Kazakhstan, accounting for a 76% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold. Poland (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-5.9% per year) and Poland (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of cored arc-welding wire to Kazakhstan, comprising 42% of total imports. The second position in the ranking was taken by Russia ($X), with a 20% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-2.7% per year) and Poland (-0.3% per year).

Import Prices by Country

In 2021, the average cored arc-welding wire import price amounted to $X per ton, waning by -9.3% against the previous year. Overall, the import price saw a abrupt downturn. The growth pace was the most rapid in 2015 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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