Kazakhstan: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Kazakhstan

The Kazakh iron or steel leaf-spring market skyrocketed to $X in 2022, surging by 18% 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). Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Kazakhstan

In 2022, the amount of iron or steel leaf-springs and leaves exported from Kazakhstan fell rapidly to X tons, dropping by -15.9% compared with 2021 figures. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of 377%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports soared to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 156% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Kyrgyzstan (X tons) and Afghanistan (X tons) were the main destinations of iron or steel leaf-spring exports from Kazakhstan, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +100.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel leaf-spring exported from Kazakhstan were Kyrgyzstan ($X), Russia ($X) and Afghanistan ($X), with a combined 99% share of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +64.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, increasing by 60% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 92%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Afghanistan ($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 Russia (-10.3%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Kazakhstan

In 2022, the amount of iron or steel leaf-springs and leaves imported into Kazakhstan expanded markedly to X tons, surging by 10% against the previous year. Overall, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.3% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports surged to $X in 2022. In general, imports continue to indicate measured growth. The pace of growth appeared the most rapid in 2020 with an increase of 33%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of iron or steel leaf-spring to Kazakhstan, accounting for a 61% share of total imports. Moreover, iron or steel leaf-spring imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.3% per year) and South Korea (-5.4% per year).

In value terms, Russia ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Kazakhstan, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.8% per year) and South Korea (+12.4% per year).

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2022, with an increase of 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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