Kazakhstan: Metal Washer Market 2024

Metal Washer Market Size in Kazakhstan

The Kazakh metal washer market soared to $X in 2021, jumping by 24% 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, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.3% against 2019 indices. Metal washer consumption peaked in 2021 and is likely to see steady growth in the near future.

Metal Washer Exports

Exports from Kazakhstan

In 2021, shipments abroad of iron or steel washers increased by 8.2% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 333%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal washer exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 96%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Kyrgyzstan (X tons) and Turkmenistan (X kg) were the main destinations of metal washer exports from Kazakhstan, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for iron or steel washers exports from Kazakhstan, comprising 42% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 21% share of total exports. It was followed by Turkmenistan, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+37.1% per year) and Turkmenistan (+17.3% per year).

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, increasing by 21% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of 65%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kyrgyzstan ($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 Belarus (+78.2%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Washer Imports

Imports into Kazakhstan

Metal washer imports into Kazakhstan skyrocketed to X tons in 2021, surging by 18% against 2020 figures. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, metal washer imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal washer supplier to Kazakhstan, with a 67% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+11.3% per year) and Turkey (-17.8% per year).

In value terms, the largest metal washer suppliers to Kazakhstan were China ($X), Russia ($X) and Turkey ($X), together accounting for 66% of total imports.

Among the main suppliers, China, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, surging by 9.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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