Central Asia: Market for Iron Or Steel Parts Of Articulated Link Chain 2023

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Central Asia

In 2021, the Central Asian metal link chain parts market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a pronounced descent. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in Central Asia

In value terms, metal link chain parts production rose modestly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 5.8% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Central Asia

In 2021, the amount of iron or steel parts of articulated link chain exported in Central Asia skyrocketed to X tons, growing by 383% against the previous year. Over the period under review, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 1,340%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2016 with an increase of 7,611%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, accounting for X tons, which was near 98% of total exports in 2021. Uzbekistan (X kg) followed a long way behind the leaders.

Exports from Kazakhstan decreased at an average annual rate of -19.4% from 2012 to 2021. Uzbekistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Uzbekistan increased by +2.1 percentage points.

In value terms, Kazakhstan ($X) remains the largest metal link chain parts supplier in Central Asia, comprising 88% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at -23.3%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, falling by -25.6% against the previous year. In general, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 8,194%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.8%).

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Central Asia

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported in Central Asia; increasing by 117% against the previous year's figure. In general, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 1,085% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal link chain parts imports soared to $X in 2021. Overall, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2016 when imports increased by 496%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan prevails in imports structure, reaching X tons, which was near 89% of total imports in 2021. It was distantly followed by Tajikistan (X tons), making up a 4.7% share of total imports. Uzbekistan (X tons) and Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts imports into Kazakhstan stood at -1.5%. At the same time, Tajikistan (+24.5%) and Uzbekistan (+6.2%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +24.5% from 2012-2021. By contrast, Mongolia (-5.8%) illustrated a downward trend over the same period. While the share of Tajikistan (+4.2 p.p.), Uzbekistan (+2.9 p.p.) and Kazakhstan (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in Central Asia, comprising 91% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 3.6% share of total imports. It was followed by Mongolia, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+11.3% per year) and Mongolia (-15.2% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, growing by 10% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the 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 ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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