Kazakhstan: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in Kazakhstan

The Kazakh iron and steel wire market fell markedly to $X in 2021, waning by -67.1% against the previous year. Over the period under review, consumption saw a abrupt shrinkage. Iron and steel wire consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Iron and Steel Wire in Kazakhstan

In value terms, iron and steel wire production surged to $X in 2021 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33%. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in the near future.

Exports of Iron and Steel Wire

Exports from Kazakhstan

In 2020, after four years of growth, there was significant decline in shipments abroad of iron and steel wire, when their volume decreased by -7.3% to X tons. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 161%. The exports peaked at X tons in 2019, and then shrank in the following year.

In value terms, iron and steel wire exports reduced slightly to $X in 2020. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 150%. Over the period under review, the exports reached the peak figure at $X in 2019, and then contracted in the following year.

Exports by Country

Uzbekistan (X tons) was the main destination for iron and steel wire exports from Kazakhstan, with a 67% share of total exports. Moreover, iron and steel wire exports to Uzbekistan exceeded the volume sent to the second major destination, Russia (X tons), fivefold. The third position in this ranking was held by Ukraine (X tons), with an 8% share.

From 2012 to 2020, the average annual growth rate of volume to Uzbekistan stood at +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-1.5% per year) and Ukraine (+971.3% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for iron and steel wire exports from Kazakhstan, comprising 72% of total exports. The second position in the ranking was taken by Russia ($X), with an 11% share of total exports. It was followed by Ukraine, with a 7.2% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Uzbekistan stood at +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-7.2% per year) and Ukraine (+984.2% per year).

Export Prices by Country

In 2020, the average iron and steel wire export price amounted to $X per ton, surging by 3.3% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 35%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, 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 Kyrgyzstan ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron and Steel Wire

Imports into Kazakhstan

In 2020, the amount of iron and steel wire imported into Kazakhstan stood at X tons, increasing by 7% against 2019. The total import volume increased at an average annual rate of +4.6% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports dropped to $X in 2020. In general, imports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 37%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Russia (X tons) was the main iron and steel wire supplier to Kazakhstan, accounting for a 91% share of total imports. Moreover, iron and steel wire imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from Russia stood at +6.4%.

In value terms, Russia ($X) constituted the largest supplier of iron and steel wire to Kazakhstan, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from Russia was relatively modest.

Import Prices by Country

In 2020, the average iron and steel wire import price amounted to $X per ton, which is down by -13.9% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was China ($X per ton), while the price for Russia stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+5.6%).

Source: IndexBox Platform

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