Central Asia: Pig Iron Articles Market 2023

Pig Iron Articles Exports

Exports in Central Asia

In 2021, exports of granules and powders of pig iron in Central Asia declined sharply to X tons, waning by -72.4% compared with the previous year. Over the period under review, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 7,469%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, pig iron articles exports plummeted to $X in 2021. Overall, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 2,853% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan was the key exporting country with an export of around X tons, which accounted for 73% of total exports. It was distantly followed by Uzbekistan (X tons), constituting a 27% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pig iron articles exports from Kazakhstan stood at -6.0%. Uzbekistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Uzbekistan increased by +27 percentage points.

In value terms, Uzbekistan ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2021.

Uzbekistan, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, waning by -29.8% against the previous year. In general, the export price showed a slight contraction. The pace of growth was the most pronounced in 2020 when the export price increased by 130% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-5.3%).

Pig Iron Articles Imports

Imports in Central Asia

After two years of decline, supplies from abroad of granules and powders of pig iron increased by 46% to X tons in 2021. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 56%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pig iron articles imports soared to $X in 2021. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Kazakhstan (X tons) represented the largest importer of granules and powders of pig iron, creating 77% of total imports. It was distantly followed by Uzbekistan (X tons), comprising a 17% share of total imports. Mongolia (X tons) and Turkmenistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pig iron articles imports into Kazakhstan stood at +5.9%. At the same time, Uzbekistan (+90.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +90.9% from 2012-2021. By contrast, Turkmenistan (-10.2%) and Mongolia (-12.5%) illustrated a downward trend over the same period. While the share of Uzbekistan (+17 p.p.) and Kazakhstan (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-6.9 p.p.) and Mongolia (-11 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported granules and powders of pig iron in Central Asia, comprising 74% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 21% share of total imports. It was followed by Turkmenistan, with a 2.1% share.

In Kazakhstan, pig iron articles imports expanded at an average annual rate of +4.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+81.1% per year) and Turkmenistan (-10.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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