Central Asia: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Central Asia

The Central Asian metal self-locking nut market soared to $X in 2022, rising by X% against the previous year. In general, consumption recorded resilient growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Metal Self-Locking Nut Production in Central Asia

In value terms, metal self-locking nut production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed mild growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Metal Self-Locking Nut Exports

Exports in Central Asia

In 2022, metal self-locking nut exports in Central Asia surged to X tons, increasing by X% against the previous year's figure. In general, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal self-locking nut exports skyrocketed to $X in 2022. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the largest exporter of iron or steel nuts (including self-locking nuts) in Central Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), mixing up a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the iron or steel nuts (including self-locking nuts) exports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) and Kyrgyzstan ($X) were the countries with the highest levels of exports in 2022.

Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Kyrgyzstan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%).

Metal Self-Locking Nut Imports

Imports in Central Asia

Metal self-locking nut imports skyrocketed to X tons in 2022, surging by X% on 2021. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, metal self-locking nut imports surged to $X in 2022. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Kazakhstan was the main importer of iron or steel nuts (including self-locking nuts) in Central Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), constituting a X% share of total imports. Turkmenistan (X tons), Kyrgyzstan (X tons) and Mongolia (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Mongolia (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Turkmenistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal self-locking nut importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), together accounting for X% of total imports.

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

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price 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, metal self-locking nut import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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