Kazakhstan: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Kazakhstan

In 2022, the Kazakh market for tube or pipe fittings (of iron or steel) was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Kazakhstan

In 2022, shipments abroad of tube or pipe fittings (of iron or steel) increased by 78% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 252%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports surged to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 291% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for iron or steel tube fitting exports from Kazakhstan, accounting for a 52% share of total exports. Moreover, iron or steel tube fitting exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold. Azerbaijan (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+6.5% per year) and Azerbaijan (+13.9% per year).

In value terms, the largest markets for iron or steel tube fitting exported from Kazakhstan were Russia ($X), Azerbaijan ($X) and Kyrgyzstan ($X), with a combined 70% share of total exports. Tajikistan, Turkmenistan, the Netherlands and Uzbekistan lagged somewhat behind, together accounting for a further 18%.

Tajikistan, with a CAGR of +107.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, increasing by 2% against the previous year. Overall, the export price posted mild growth. The pace of growth was the most pronounced in 2021 an increase of 59%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Uzbekistan ($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 Kyrgyzstan (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Kazakhstan

After two years of decline, supplies from abroad of tube or pipe fittings (of iron or steel) increased by 15% to X tons in 2022. Overall, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 24%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of iron or steel tube fitting imports to Kazakhstan, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +4.2%), while imports for the other leaders experienced a decline.

In value terms, Russia ($X), China ($X) and Italy ($X) were the largest iron or steel tube fitting suppliers to Kazakhstan, with a combined 72% share of total imports.

Italy, with a CAGR of +3.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, surging by 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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