Kazakhstan: Carbides Market 2024

Carbides Market Size in Kazakhstan

In 2022, after three years of decline, there was significant growth in the Kazakh carbides market, when its value increased by 7.2% to $X. In general, consumption, however, recorded a pronounced decline. Carbides consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Carbides Production in Kazakhstan

In value terms, carbides production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 6.5%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carbides Exports

Exports from Kazakhstan

In 2022, the amount of carbides exported from Kazakhstan shrank sharply to X tons, declining by -15.3% against the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, carbides exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +63.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X tons) was the main destination for carbides exports from Kazakhstan, accounting for a 81% share of total exports. Moreover, carbides exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), ninefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-7.4% per year) and the United Arab Emirates (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for carbides exports from Kazakhstan, comprising 81% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 7.7% share of total exports. It was followed by the United Arab Emirates, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-10.1% per year) and the United Arab Emirates (0.0% per year).

Export Prices by Country

The average carbides export price stood at $X per ton in 2022, jumping by 38% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ukraine ($X per ton) and Russia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and the United Arab Emirates ($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 Ukraine (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Kazakhstan

In 2022, overseas purchases of carbides increased by 698% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 3,569% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, carbides imports soared to $X in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 1,752%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) was the main carbides supplier to Kazakhstan, accounting for a 91% share of total imports. Moreover, carbides imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold. The third position in this ranking was held by Russia (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and Russia (+9.7% per year).

In value terms, Russia ($X), China ($X) and South Africa ($X) were the largest carbides suppliers to Kazakhstan, together comprising 98% of total imports.

Among the main suppliers, China, with a CAGR of +49.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carbides import price amounted to $X per ton, which is down by -71.4% against the previous year. In general, the import price saw a abrupt setback. The growth pace was the most rapid in 2019 when the average import price increased by 247%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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