Central Asia: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Central Asia

In 2022, the Central Asian market for hot-rolled non-alloy steel wire rods increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated tangible growth 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Central Asia

In value terms, hot-rolled non-alloy steel wire rod production shrank slightly 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 in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports in Central Asia

In 2022, hot-rolled non-alloy steel wire rod exports in Central Asia dropped rapidly to X tons, waning by X% on 2021 figures. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, hot-rolled non-alloy steel wire rod exports reduced notably to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

Tajikistan prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), comprising a X% share of total exports. Kazakhstan (X tons) followed a long way behind the leaders.

Exports from Tajikistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Tajikistan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Tajikistan ($X) remains the largest hot-rolled non-alloy steel wire rod supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Tajikistan stood at X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports in Central Asia

In 2022, hot-rolled non-alloy steel wire rod imports in Central Asia reduced modestly to X tons, with a decrease of X% on the year before. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, hot-rolled non-alloy steel wire rod imports shrank slightly to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted slightly in the following year.

Imports by Country

The countries with the highest levels of hot-rolled non-alloy steel wire rod imports in 2022 were Kazakhstan (X tons), Uzbekistan (X tons) and Mongolia (X tons), together amounting to X% of total import. It was distantly followed by Kyrgyzstan (X tons), making up a X% share of total imports. Turkmenistan (X tons) and Tajikistan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled non-alloy steel wire rod importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), together accounting for X% of total imports.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :