Kazakhstan: Pig Iron Market 2022

Pig Iron Market Size in Kazakhstan

In 2021, after three years of growth, there was decline in the Kazakh pig iron market, when its value decreased by -3.2% to $X. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.1% against 2012 indices. Pig iron consumption peaked at $X in 2020, and then fell modestly in the following year.

Pig Iron Production in Kazakhstan

In value terms, pig iron production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 27%. Pig iron production peaked at $X in 2020, and then fell in the following year.

Pig Iron Exports

Exports from Kazakhstan

In 2021, after three years of growth, there was significant decline in shipments abroad of pig iron and spiegeleisen, when their volume decreased by -11% to X tons. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 189% against the previous year. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, pig iron exports reduced to $X in 2021. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 214%. Over the period under review, the exports reached the peak figure at $X in 2020, and then contracted in the following year.

Exports by Country

Turkey (X tons) was the main destination for pig iron exports from Kazakhstan, with a 86% share of total exports. Moreover, pig iron exports to Turkey exceeded the volume sent to the second major destination, China (X tons), sevenfold. Russia (X tons) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+32.8% per year) and Russia (-10.8% per year).

In value terms, Turkey ($X) remains the key foreign market for pig iron exports from Kazakhstan, comprising 71% of total exports. The second position in the ranking was held by China ($X), with a 27% share of total exports. It was followed by Russia, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+68.0% per year) and Russia (-11.9% per year).

Export Prices by Country

In 2021, the average pig iron export price amounted to $X per ton, with a decrease of -3.1% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pig iron export price increased by +36.3% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 25%. The export price peaked at $X per ton in 2020, and then contracted modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($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 China (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Imports

Imports into Kazakhstan

In 2021, supplies from abroad of pig iron and spiegeleisen increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a mild expansion. The most prominent rate of growth was recorded in 2018 with an increase of 89% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, pig iron imports skyrocketed to $X in 2021. In general, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 91% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) was the main supplier of pig iron to Kazakhstan, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +2.0%.

In value terms, Russia ($X) constituted the largest supplier of pig iron to Kazakhstan.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to -4.7%.

Import Prices by Country

The average pig iron import price stood at $X per ton in 2021, surging by 10% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -6.5% per year.

Source: IndexBox Platform

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