Kazakhstan: Metal Wool Market 2025

Metal Wool Market Size in Kazakhstan

The Kazakh metal wool market skyrocketed to $X in 2022, growing by 17% 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, consumption, however, showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Wool Exports

Exports from Kazakhstan

In 2022, overseas shipments of iron or steel wool increased by 722% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 1,095%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal wool exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X kg) was the main destination for metal wool exports from Kazakhstan, with a 76% share of total exports. Moreover, metal wool exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), fourfold. Uzbekistan (X kg) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +68.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+72.2% per year) and Uzbekistan (+32.4% per year).

In value terms, Russia ($X) remains the key foreign market for iron or steel wool exports from Kazakhstan, comprising 97% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 2% share of total exports. It was followed by Mongolia, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +111.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+64.5% per year) and Mongolia (0.0% per year).

Export Prices by Country

In 2022, the average metal wool export price amounted to $X per ton, surging by 114% against the previous year. In general, the export price continues to indicate strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($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 (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Kazakhstan

In 2022, metal wool imports into Kazakhstan expanded sharply to X tons, with an increase of 14% against the previous year. Over the period under review, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 287% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, metal wool imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 276% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Uzbekistan (X tons) were the main suppliers of metal wool imports to Kazakhstan, together accounting for 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +105.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal wool suppliers to Kazakhstan were Russia ($X), China ($X) and South Korea ($X), with a combined 87% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +77.4%, 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

The average metal wool import price stood at $X per ton in 2022, increasing by 5% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 85% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 South Korea ($X per ton), while the price for Uzbekistan ($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 (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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