CIS: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in CIS

In 2022, the CIS metal self-locking nut market decreased by X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, saw buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Self-Locking Nut Production in CIS

In value terms, metal self-locking nut production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a slight contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Metal Self-Locking Nut Exports

Exports in CIS

In 2022, overseas shipments of iron or steel nuts (including self-locking nuts) decreased by X% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports saw a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports fell dramatically to $X in 2022. Overall, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Belarus (X tons) took the second position in the ranking, followed by Kazakhstan (X tons). All these countries together held near X% share of total exports. Kyrgyzstan (X tons) took a little share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of iron or steel nuts (including self-locking nuts). At the same time, Kazakhstan (X%) and Kyrgyzstan (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. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Kazakhstan and Kyrgyzstan increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest metal self-locking nut supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

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

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

Metal Self-Locking Nut Imports

Imports in CIS

In 2022, purchases abroad of iron or steel nuts (including self-locking nuts) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded noticeable growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, metal self-locking nut imports declined significantly to $X in 2022. In general, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Russia (X tons) was the major importer of iron or steel nuts (including self-locking nuts), making up X% of total imports. Kazakhstan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%). Belarus (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a 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 Uzbekistan ($X per ton), while Russia ($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 more modest paces of growth.

Source: IndexBox Platform

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