Price for Iron or Steel; Cast Articles in Uzbekistan - 2023

Contents:

1. Price for Iron or Steel; Cast Articles in Uzbekistan (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Uzbekistan (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Uzbekistan
4. Exports of Iron or Steel; Cast Articles in Uzbekistan

Price for Iron or Steel; Cast Articles in Uzbekistan (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $2,404 per ton, reducing by -15.9% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28%. The import price peaked at $6,446 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 Russia ($34,784 per ton), while the price for China ($1,613 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+287.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Uzbekistan (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $729 per ton in 2022, falling by -5.8% against the previous year. Overall, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 69% against the previous year. The export price peaked at $774 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,695 per ton), while the average price for exports to Tajikistan ($512 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 Germany (+52.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel; Cast Articles in Uzbekistan

In 2022, after two years of decline, there was significant growth in purchases abroad of iron or steel; cast articleses, when their volume increased by 105% to 2.1K tons. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles imports soared to $5.1M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Steel; Cast Articles to Uzbekistan in 2022:

1. China (1862.5 tons)
2. Turkey (192.5 tons)
3. Russia (33.6 tons)
4. Kazakhstan (0.1 tons)

Exports of Iron or Steel; Cast Articles in Uzbekistan

In 2022, the amount of iron or steel; cast articleses exported from Uzbekistan soared to 643 tons, rising by 98% compared with the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 250%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, iron or steel; cast articles exports surged to $468K in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 281% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Iron or Steel; Cast Articles from Uzbekistan in 2022:

1. Kazakhstan (497.9 tons)
2. Kyrgyzstan (73.6 tons)
3. Tajikistan (29.5 tons)
4. Azerbaijan (20.0 tons)
5. Germany (18.1 tons)

Source: IndexBox Market Intelligence Platform