CIS: Pig Iron Articles Market 2023

Pig Iron Articles Market Size in CIS

The CIS pig iron articles market skyrocketed to $X in 2021, picking up by 16% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Pig Iron Articles Production in CIS

In value terms, pig iron articles production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Pig Iron Articles Exports

Exports in CIS

In 2021, the amount of granules and powders of pig iron exported in the CIS expanded rapidly to X tons, increasing by 9.2% on the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, pig iron articles exports skyrocketed to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 47%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia was the main exporter of granules and powders of pig iron in the CIS, with the volume of exports accounting for X tons, which was near 77% of total exports in 2021. It was distantly followed by Belarus (X tons), constituting a 23% share of total exports.

Russia was also the fastest-growing in terms of the granules and powders of pig iron exports, with a CAGR of +11.3% from 2012 to 2021. Belarus (-10.5%) illustrated a downward trend over the same period. Russia (+45 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -45% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest pig iron articles supplier in the CIS, comprising 85% of total exports. The second position in the ranking was held by Belarus ($X), with a 15% share of total exports.

In Russia, pig iron articles exports increased at an average annual rate of +10.1% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2014 when the export price increased by 22% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+0.9%).

Pig Iron Articles Imports

Imports in CIS

In 2021, the amount of granules and powders of pig iron imported in the CIS expanded markedly to X tons, surging by 7.5% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pig iron articles imports surged to $X in 2021. Over the period under review, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) was the largest importer of granules and powders of pig iron, generating 72% of total imports. Belarus (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (7.9%). The following importers - Azerbaijan (X tons) and Uzbekistan (X tons) - each accounted for a 3.6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pig iron articles imports into Russia stood at -1.7%. At the same time, Uzbekistan (+90.9%), Azerbaijan (+9.9%) and Kazakhstan (+5.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +90.9% from 2012-2021. Belarus experienced a relatively flat trend pattern. From 2012 to 2021, the share of Kazakhstan and Uzbekistan increased by +3.5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported granules and powders of pig iron in the CIS, comprising 72% of total imports. The second position in the ranking was held by Belarus ($X), with a 15% share of total imports. It was followed by Kazakhstan, with an 8.2% share.

In Russia, pig iron articles imports contracted by an average annual rate of -3.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-1.2% per year) and Kazakhstan (+4.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Azerbaijan ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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