Central Asia: Stranded Wire Market 2024

Stranded Wire Market Size in Central Asia

The Central Asian stranded wire market expanded sharply to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Stranded Wire Production in Central Asia

In value terms, stranded wire production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Stranded Wire Exports

Exports in Central Asia

In 2022, stranded wire exports in Central Asia surged to X tons, increasing by X% compared with 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, stranded wire exports soared to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Kazakhstan was the largest exporting country with an export of around X tons, which accounted for X% of total exports. Uzbekistan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (X%).

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

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

Uzbekistan, 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Uzbekistan ($X per ton), while Kyrgyzstan ($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 mixed trends in the export price figures.

Stranded Wire Imports

Imports in Central Asia

In 2022, after three years of decline, there was significant growth in supplies from abroad of stranded wire, ropes and cables, when their volume increased by X% to X tons. Total imports indicated a slight increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, stranded wire imports skyrocketed to $X in 2022. In general, imports recorded a mild expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan was the major importing country with an import of about X tons, which reached X% of total imports. Uzbekistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%) and Mongolia (X%). The following importers - Turkmenistan (X tons) and Tajikistan (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stranded wire importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Tajikistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :