Kazakhstan: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Kazakhstan

The Kazakh cold-rolled steel products market contracted to $X in 2022, falling by -5.1% against the previous year. In general, consumption, however, recorded modest growth. Cold-rolled steel products consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cold-Rolled Steel Products Production in Kazakhstan

In value terms, cold-rolled steel products production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 21% against the previous year. Cold-rolled steel products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cold-Rolled Steel Products Exports

Exports from Kazakhstan

Cold-rolled steel products exports from Kazakhstan expanded slightly to X tons in 2022, increasing by 1.6% on 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 29% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports shrank modestly to $X in 2022. Over the period under review, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2017 with an increase of 53%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for cold-rolled steel products exports from Kazakhstan, with a 66% share of total exports. Moreover, cold-rolled steel products exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+11.0% per year) and China (-8.2% per year).

In value terms, Russia ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Kazakhstan, comprising 65% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 12% share of total exports. It was followed by China, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+7.8% per year) and China (-11.6% per year).

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, shrinking by -3.1% against the previous year. Over the period under review, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 32%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.6%), while the prices for the other major destinations experienced a decline.

Cold-Rolled Steel Products Imports

Imports into Kazakhstan

In 2022, purchases abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) decreased by -17.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 35%. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, cold-rolled steel products imports fell significantly to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of cold-rolled steel products to Kazakhstan, accounting for a 79% share of total imports. Moreover, cold-rolled steel products imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.1% per year) and Turkey (+10.0% per year).

In value terms, the largest cold-rolled steel products suppliers to Kazakhstan were Russia ($X), China ($X) and Turkey ($X), together accounting for 76% of total imports.

China, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 cold-rolled steel products import price amounted to $X per ton, which is down by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced modestly in the following year.

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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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