CIS: Hot-Rolled Free-Cutting Steel Market 2024

Hot-Rolled Free-Cutting Steel Market Size in CIS

The CIS hot-rolled free-cutting steel market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted resilient growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Hot-Rolled Free-Cutting Steel Production in CIS

In value terms, hot-rolled free-cutting steel production shrank to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Hot-Rolled Free-Cutting Steel Exports

Exports in CIS

In 2022, shipments abroad of hot-rolled bars in free-cutting steels decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled free-cutting steel exports fell to $X in 2022. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia represented the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Belarus (X tons), making 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, Belarus (X%) displayed positive paces of growth. Moreover, Belarus 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 Belarus increased by X percentage points.

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

In Russia, hot-rolled free-cutting steel exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated perceptible growth 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 free-cutting steel export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Hot-Rolled Free-Cutting Steel Imports

Imports in CIS

For the third consecutive year, the CIS recorded decline in supplies from abroad of hot-rolled bars in free-cutting steels, which decreased by X% to X tons in 2022. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports shrank sharply to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Belarus prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Tajikistan (X tons), comprising an X% share of total imports. The following importers - Uzbekistan (X tons) and Moldova (X tons) - together made up X% of total imports.

Imports into Belarus increased at an average annual rate of X% from 2012 to 2022. At the same time, Tajikistan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Tajikistan and Moldova increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) constitutes the largest market for imported hot-rolled bars in free-cutting steels in the CIS, comprising X% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a X% share of total imports. It was followed by Moldova, with a X% share.

In Belarus, hot-rolled free-cutting steel imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Moldova (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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