Central Asia: Metal Skid Chain Market 2024

Metal Skid Chain Market Size in Central Asia

In 2022, the Central Asian metal skid chain market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Skid Chain Production in Central Asia

In value terms, metal skid chain production fell modestly to $X in 2022 estimated in export price. In general, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Metal Skid Chain Exports

Exports in Central Asia

After five years of growth, overseas shipments of iron or steel skid chain decreased by X% to X kg in 2022. Over the period under review, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, metal skid chain exports dropped rapidly to $X in 2022. In general, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

The shipments of the one major exporters of iron or steel skid chain, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the iron or steel skid chain exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest metal skid chain supplier in Central Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Metal Skid Chain Imports

Imports in Central Asia

In 2022, overseas purchases of iron or steel skid chain were finally on the rise to reach X tons after two years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, metal skid chain imports declined to $X in 2022. Over the period under review, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. Uzbekistan (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%). The following importers - Mongolia (X tons) and Tajikistan (X tons) - each recorded a X% share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of iron or steel skid chain. At the same time, Kyrgyzstan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan experienced a relatively flat trend pattern. By contrast, Mongolia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, metal skid chain imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 Mongolia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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