Central Asia: Market for Hot-Rolled Steel Bars and Rods 2024

Market Size for Hot-Rolled Steel Bars and Rods in Central Asia

The Central Asian market for hot-rolled steel bars and rods shrank markedly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, showed resilient growth. The level of consumption peaked at $X in 2021, and then dropped markedly in the following year.

Production of Hot-Rolled Steel Bars and Rods in Central Asia

In value terms, hot-rolled steel bar and rod production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Exports of Hot-Rolled Steel Bars and Rods

Exports in Central Asia

In 2023, the amount of hot-rolled steel bars and rods exported in Central Asia skyrocketed to X tons, picking up by X% on 2022 figures. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, hot-rolled steel bar and rod exports soared to $X in 2023. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Kazakhstan (X tons) was the key exporter of hot-rolled steel bars and rods, committing X% of total exports. Kyrgyzstan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%). Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel bar and rod supplying countries in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined X% share of total exports. Tajikistan lagged somewhat behind, accounting for a further X%.

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

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled steel bar and rod export price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports in Central Asia

In 2023, purchases abroad of hot-rolled steel bars and rods increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, hot-rolled steel bar and rod imports surged to $X in 2023. In general, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan (X tons) and Kyrgyzstan (X tons) were the key importers of hot-rolled steel bars and rods in 2023, recording approx. X% and X% of total imports, respectively. Mongolia (X tons) held the next position in the ranking, followed by Tajikistan (X tons), Uzbekistan (X tons) and Turkmenistan (X tons). All these countries together took near X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported hot-rolled steel bars and rods in Central Asia, comprising X% of total imports. The second position in the ranking was held by Mongolia ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform