CIS: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in CIS

In 2022, the CIS hot-rolled steel products market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hot-Rolled Steel Products Production in CIS

In value terms, hot-rolled steel products production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports in CIS

In 2022, overseas shipments of flat-rolled products of iron or steel (not further worked than hot-rolled) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, hot-rolled steel products exports fell notably to $X in 2022. Over the period under review, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Kazakhstan (X tons), mixing up a X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan increased by X percentage points.

In value terms, Russia ($X) remains the largest hot-rolled steel products supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, reducing by X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price 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. Based on 2022 figures, hot-rolled steel products export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Hot-Rolled Steel Products Imports

Imports in CIS

In 2022, hot-rolled steel products imports in the CIS contracted significantly to X tons, dropping by X% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled steel products imports contracted rapidly to $X in 2022. In general, imports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Russia (X tons) and Uzbekistan (X tons) were the major importers of flat-rolled products of iron or steel (not further worked than hot-rolled) in the CIS, together creating X% of total imports. It was distantly followed by Belarus (X tons), Azerbaijan (X tons) and Kazakhstan (X tons), together constituting a X% share of total imports. Tajikistan (X tons) followed a long way behind the leaders.

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, Russia ($X), Uzbekistan ($X) and Belarus ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in the CIS amounted to $X per ton, stabilizing at the previous year. Import price indicated a slight expansion from 2012 to 2022: its price 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. Based on 2022 figures, hot-rolled steel products import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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