Central Asia: Iron Angle Market 2024

Iron Angle Market Size in Central Asia

The Central Asian iron angle market declined slightly to $X in 2022, standing approx. at the previous year. Overall, consumption showed a mild downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Iron Angle Production in Central Asia

In value terms, iron angle production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Iron Angle Exports

Exports in Central Asia

In 2022, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron angle exports surged to $X in 2022. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan was the major exporter of angles, shapes and sections (of iron or non-alloy steel) in Central Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of X%).

In value terms, Kazakhstan ($X) remains the largest iron angle supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, iron angle exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Iron Angle Imports

Imports in Central Asia

In 2022, purchases abroad of angles, shapes and sections (of iron or non-alloy steel) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a slight expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, iron angle imports expanded remarkably to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Kazakhstan represented the main importing country with an import of about X tons, which resulted at X% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a X% share, followed by Mongolia (X%), Tajikistan (X%) and Kyrgyzstan (X%). Turkmenistan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Tajikistan (X%), Mongolia (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Turkmenistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.), Tajikistan (X p.p.) and Mongolia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported angles, shapes and sections (of iron or non-alloy steel) in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

In Kazakhstan, iron angle imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Turkmenistan ($X per ton) and Kazakhstan ($X per ton), while Tajikistan ($X per ton) and Mongolia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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