CIS: Concrete Reinforcing Bar Market 2022

Concrete Reinforcing Bar Market Size in CIS

The CIS concrete reinforcing bar market expanded sharply to $X in 2021, growing by 11% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Concrete Reinforcing Bar Production in CIS

In value terms, concrete reinforcing bar production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports in CIS

In 2021, concrete reinforcing bar exports in the CIS fell to X tons, shrinking by -14% against the previous year. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 18% against the previous year. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, concrete reinforcing bar exports soared to $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +17.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 39%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Russia (X tons) represented the major exporter of concrete reinforcing bars, committing 57% of total exports. Belarus (X tons) held the second position in the ranking, distantly followed by Kazakhstan (X tons). All these countries together took near 35% share of total exports. Uzbekistan (X tons), Kyrgyzstan (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Kyrgyzstan (with a CAGR of +56.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 94% of total exports. Uzbekistan, Azerbaijan and Kyrgyzstan lagged somewhat behind, together comprising a further 5.8%.

Among the main exporting countries, Kyrgyzstan, with a CAGR of +47.7%, saw the highest growth rate of the value of exports, 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 the CIS stood at $X per ton in 2021, growing by 53% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports in CIS

In 2021, approx. X tons of concrete reinforcing bars were imported in the CIS; picking up by 6% on the year before. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 53% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 75%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan (X tons) and Russia (X tons) represented the major importers of concrete reinforcing bars in 2021, resulting at approx. 31% and 27% of total imports, respectively. Tajikistan (X tons) ranks next in terms of the total imports with an 11% share, followed by Belarus (9.5%), Uzbekistan (8.5%) and Kyrgyzstan (6.4%). Armenia (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +34.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Russia ($X) and Tajikistan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 68% share of total imports. These countries were followed by Belarus, Uzbekistan, Kyrgyzstan and Armenia, which together accounted for a further 28%.

Uzbekistan, with a CAGR of +37.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the CIS stood at $X per ton in 2021, growing by 51% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per ton) and Tajikistan ($X per ton), while Armenia ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :