Price for Stainless Steel in Ingots or Other Primary Forms in Kazakhstan - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Kazakhstan (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Kazakhstan (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Kazakhstan
- Exports of Stainless Steel in Ingots or Other Primary Forms in Kazakhstan
Price for Stainless Steel in Ingots or Other Primary Forms in Kazakhstan (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $874 per ton in 2022, remaining stable against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel in ingots or other primary forms decreased by -20.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 62%. As a result, import price attained the peak level of $1,098 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($3,694 per ton), while the price for China amounted to $833 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Kazakhstan (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $1,483 per ton in 2022, rising by 14% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel in ingots or other primary forms increased by +67.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 19%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to +5.2% per year.
Imports of Stainless Steel in Ingots or Other Primary Forms in Kazakhstan
In 2022, approx. 923 tons of stainless steel in ingots or other primary forms were imported into Kazakhstan; picking up by 911% compared with 2021. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms soared to $807K in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.4 | 197 | 65.0 | 758 | 142.1% |
| Russia | 46.5 | 151 | 9.0 | 47.3 | 0.6% |
| Others | 37.1 | 217 | 6.5 | 2.1 | -61.6% |
| Total | 137 | 565 | 80.5 | 807 | 80.6% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Kazakhstan in 2022:
- China (910.1 tons)
- Russia (12.8 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Kazakhstan
In 2022, approx. 310 tons of stainless steel in ingots or other primary forms were exported from Kazakhstan; picking up by 2.5% against the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 122%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms skyrocketed to $460K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 130% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Stainless Steel in Ingots or Other Primary Forms in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 79.2 | 185 | 126 | 458 | 79.5% |
| Netherlands | 44.4 | 132 | 265 | N/A | 144.3% |
| Kyrgyzstan | 17.7 | 8.3 | 1.0 | N/A | -76.2% |
| Others | N/A | N/A | N/A | 1.4 | 0% |
| Total | 141 | 324 | 392 | 460 | 48.3% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Kazakhstan in 2022:
- Russia (309.9 tons)
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