Kazakhstan: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Kazakhstan

The Kazakh market for ribbed or other deformed wire rod of non-alloy steel expanded sharply to $X in 2021, increasing by 9.6% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Kazakhstan

In value terms, deformed non-alloy steel wire rod production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.6% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 48%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Kazakhstan

After three years of growth, shipments abroad of ribbed or other deformed wire rod of non-alloy steel decreased by -23.3% to X tons in 2018. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2016 when exports increased by 3.7%. The exports peaked at X tons in 2017, and then dropped significantly in the following year.

In value terms, deformed non-alloy steel wire rod exports reduced notably to $X in 2018. In general, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2016 when exports increased by 14% against the previous year. The exports peaked at $X in 2017, and then contracted dramatically in the following year.

Exports by Country

Belarus (X tons) was the main destination for deformed non-alloy steel wire rod exports from Kazakhstan, accounting for a approx. 100% share of total exports.

From 2015 to 2018, the average annual rate of growth in terms of volume to Belarus stood at -6.2%.

In value terms, Belarus ($X) also remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Kazakhstan.

From 2015 to 2018, the average annual rate of growth in terms of value to Belarus amounted to -2.7%.

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2018, falling by -6.2% against the previous year. Over the last three years, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2016 an increase of 9.9%. The export price peaked at $X per ton in 2017, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2015 to 2018, the rate of growth in terms of prices for Belarus amounted to +3.7% per year.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Kazakhstan

Deformed non-alloy steel wire rod imports into Kazakhstan dropped significantly to X tons in 2021, waning by -53.5% compared with 2020 figures. In general, imports saw a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 268%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod imports fell sharply to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 345% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest deformed non-alloy steel wire rod supplier to Kazakhstan, accounting for a 75% share of total imports. Moreover, deformed non-alloy steel wire rod imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +36.8%.

In value terms, China ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Kazakhstan, comprising 85% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +25.3%.

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, with an increase of 44% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.4%).

Source: IndexBox Platform

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