Central Asia: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in Central Asia

In 2023, the Central Asian metal chain parts market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption showed a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Metal Chain Parts Production in Central Asia

In value terms, metal chain parts production stood at $X in 2023 estimated in export price. Overall, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Metal Chain Parts Exports

Exports in Central Asia

In 2023, shipments abroad of parts of chains of iron or steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2022, and then shrank significantly in the following year.

In value terms, metal chain parts exports contracted notably to $X in 2023. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

In 2023, Kazakhstan (X tons) represented the main exporter of parts of chains of iron or steel, creating X% of total exports. It was distantly followed by Kyrgyzstan (X tons), constituting a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal chain parts exports from Kazakhstan stood at X%. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Kyrgyzstan increased by X percentage points.

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

In Kazakhstan, metal chain parts exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, enjoyed a slight expansion. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Metal Chain Parts Imports

Imports in Central Asia

After two years of growth, overseas purchases of parts of chains of iron or steel decreased by X% to X tons in 2023. Total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, metal chain parts imports shrank notably to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2023. Mongolia (X tons), Uzbekistan (X tons), Tajikistan (X tons) and Turkmenistan (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal chain parts imports into Kazakhstan stood at X%. At the same time, Tajikistan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Mongolia (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Mongolia and Turkmenistan saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, metal chain parts imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform