Kazakhstan: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Kazakhstan

After five years of growth, the Kazakh market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X in 2020. Overall, consumption recorded a deep setback. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2019, and then fell markedly in the following year.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Kazakhstan

For the fourth year in a row, Kazakhstan recorded decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by -X% to X tons in 2020. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports fell sharply to $X in 2020. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for iron, steel or aluminium reservoir exports from Kazakhstan, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to China exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold. The third position in this ranking was occupied by Russia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+X% per year) and Russia (-X% per year).

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Kazakhstan were China ($X), the UK ($X) and the U.S. ($X), with a combined X% share of total exports.

Among the main countries of destination, the U.S. (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Kazakhstan

Iron, steel or aluminium reservoir imports into Kazakhstan contracted notably to X tons in 2020, waning by -X% compared with the year before. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports declined dramatically to $X in 2020. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Russia (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Kazakhstan, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Russia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (-X% per year).

In value terms, the largest iron, steel or aluminium reservoir suppliers to Kazakhstan were South Korea ($X), Russia ($X) and China ($X), together comprising X% of total imports.

Among the main suppliers, South Korea (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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