Central Asia: Flat-Rolled Steel Coils Market 2024

Flat-Rolled Steel Coils Market Size in Central Asia

The Central Asian flat-rolled steel coils market was estimated at $X in 2023, picking up by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Flat-Rolled Steel Coils Production in Central Asia

In value terms, flat-rolled steel coils production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Flat-Rolled Steel Coils Exports

Exports in Central Asia

In 2023, approx. X tons of flat-rolled steel in coils were exported in Central Asia; with an increase of X% on the previous year's figure. Total exports indicated temperate growth 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 2021 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, flat-rolled steel coils exports expanded markedly to $X in 2023. Overall, exports showed a tangible expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) represented roughly X% of total exports in 2023.

Kazakhstan was also the fastest-growing in terms of the flat-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-rolled steel coils supplier in Central Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan totaled X%.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2022 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.

Flat-Rolled Steel Coils Imports

Imports in Central Asia

In 2023, approx. X tons of flat-rolled steel in coils were imported in Central Asia; with an increase of X% on the previous year's figure. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, flat-rolled steel coils imports fell to $X in 2023. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Uzbekistan dominates imports structure, amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by Kyrgyzstan (X tons), committing a X% share of total imports. Tajikistan (X tons) and Kazakhstan (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to flat-rolled steel coils imports into Uzbekistan stood at X%. At the same time, Tajikistan (X%), Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Uzbekistan (X p.p.) and Tajikistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

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

In Uzbekistan, flat-rolled steel coils imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Tajikistan ($X per ton) and Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform