Uzbekistan: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Uzbekistan

The Uzbek steel stranded wire market soared to $X in 2022, growing by 20% 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 posted a prominent increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Steel Stranded Wire Exports

Exports from Uzbekistan

In 2022, overseas shipments of iron or steel stranded wire, ropes and cables decreased by -70.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 621% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel stranded wire exports soared to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 714%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Kazakhstan (X tons) and Russia (X tons) were the main destinations of steel stranded wire exports from Uzbekistan, together accounting for 91% of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +124.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for iron or steel stranded wire, ropes and cables exports from Uzbekistan, comprising 71% of total exports. The second position in the ranking was held by Russia ($X), with a 20% share of total exports. It was followed by Kazakhstan, with a 7.1% share.

From 2017 to 2022, the average annual rate of growth in terms of value to China totaled +86.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+97.8% per year) and Kazakhstan (-47.8% per year).

Export Prices by Country

In 2022, the average steel stranded wire export price amounted to $X per ton, jumping by 387% against the previous year. Overall, the export price enjoyed a significant increase. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.0%), while the prices for the other major destinations experienced a decline.

Steel Stranded Wire Imports

Imports into Uzbekistan

In 2022, approx. X tons of iron or steel stranded wire, ropes and cables were imported into Uzbekistan; surging by 5.3% compared with 2021. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, steel stranded wire imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest steel stranded wire supplier to Uzbekistan, with a 52% share of total imports. Moreover, steel stranded wire imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a 9.7% share.

From 2017 to 2022, the average annual growth rate of volume from Russia stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.8% per year) and Ukraine (+274.0% per year).

In value terms, Russia ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Uzbekistan, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Ukraine, with a 9.1% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.9% per year) and Ukraine (+174.3% per year).

Import Prices by Country

The average steel stranded wire import price stood at $X per ton in 2022, rising by 13% against the previous year. In general, the import price, however, showed a slight setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 18%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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