Central Asia: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Central Asia

The Central Asian metal screw hook market shrank modestly to $X in 2022, declining by -1.8% against the previous year. Over the period under review, consumption recorded a mild contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Metal Screw Hook Production in Central Asia

In value terms, metal screw hook production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded a slight decrease. The pace of growth was the most pronounced in 2018 with an increase of 22%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Metal Screw Hook Exports

Exports in Central Asia

In 2022, the amount of iron or steel screw hooks and screw rings exported in Central Asia skyrocketed to X tons, picking up by 609% on 2021 figures. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by 936%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal screw hook exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan was the main exporter of iron or steel screw hooks and screw rings in Central Asia, with the volume of exports reaching X tons, which was approx. 78% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), mixing up a 21% share of total exports. Mongolia (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook exports from Kazakhstan stood at +19.3%. At the same time, Uzbekistan (+123.7%) and Mongolia (+23.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +123.7% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest metal screw hook supplier in Central Asia, comprising 86% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 7.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +36.2%. In the other countries, the average annual rates were as follows: Uzbekistan (+83.7% per year) and Mongolia (+19.8% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, shrinking by -21% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2018 an increase of 666%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while Uzbekistan ($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 (+14.2%), while the other leaders experienced a decline in the export price figures.

Metal Screw Hook Imports

Imports in Central Asia

In 2022, approx. X tons of iron or steel screw hooks and screw rings were imported in Central Asia; waning by -21.6% on the year before. In general, imports showed a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of 78% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, metal screw hook imports expanded notably to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 69% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan represented the key importer of iron or steel screw hooks and screw rings in Central Asia, with the volume of imports accounting for X tons, which was approx. 60% of total imports in 2022. It was distantly followed by Turkmenistan (X tons) and Uzbekistan (X tons), together mixing up a 29% share of total imports. Mongolia (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook imports into Kazakhstan stood at +4.5%. At the same time, Kyrgyzstan (+25.7%) and Mongolia (+20.9%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +25.7% from 2012-2022. By contrast, Turkmenistan (-8.5%), Tajikistan (-19.6%) and Uzbekistan (-40.2%) illustrated a downward trend over the same period. Kazakhstan (+30 p.p.), Uzbekistan (+5.4 p.p.), Mongolia (+3.8 p.p.) and Kyrgyzstan (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Tajikistan and Turkmenistan saw its share reduced by -19.8% and -21.7% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in Central Asia, comprising 78% of total imports. The second position in the ranking was taken by Turkmenistan ($X), with an 8.2% share of total imports. It was followed by Mongolia, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +11.6%. The remaining importing countries recorded the following average annual rates of imports growth: Turkmenistan (-13.2% per year) and Mongolia (+26.3% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, jumping by 41% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook import price increased by +76.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 55% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Turkmenistan ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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