Central Asia: Market for Flat Cold-Rolled Steel in Coils 2024

Market Size for Flat Cold-Rolled Steel in Coils in Central Asia

For the third consecutive year, the Central Asian flat cold-rolled steel coils market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, saw a mild setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Flat Cold-Rolled Steel in Coils in Central Asia

In value terms, flat cold-rolled steel coils production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Flat Cold-Rolled Steel in Coils

Exports in Central Asia

In 2023, flat cold-rolled steel coils exports in Central Asia reduced slightly to X tons, almost unchanged from the previous year. Total exports indicated a mild increase from 2012 to 2023: its volume 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, flat cold-rolled steel coils exports amounted to $X in 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of flat cold-rolled steel in coils, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the flat cold-rolled steel in coils exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest flat cold-rolled steel coils supplier in Central Asia.

In Kazakhstan, flat cold-rolled steel coils exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Imports of Flat Cold-Rolled Steel in Coils

Imports in Central Asia

Flat cold-rolled steel coils imports amounted to X tons in 2023, picking up by X% compared with the previous year's figure. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2023 and is likely to continue growth in years to come.

In value terms, flat cold-rolled steel coils imports shrank modestly to $X in 2023. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then fell slightly in the following year.

Imports by Country

In 2023, Uzbekistan (X tons) represented the major importer of flat cold-rolled steel in coils, generating X% of total imports. It was distantly followed by Kyrgyzstan (X tons), comprising a X% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Uzbekistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported flat cold-rolled steel in coils in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Uzbekistan stood at X%. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat 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