CIS: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in CIS

The CIS steel stranded wire market amounted to $X in 2022, growing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Steel Stranded Wire Production in CIS

In value terms, steel stranded wire production fell to $X in 2022 estimated in export price. Overall, production saw a mild decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Steel Stranded Wire Exports

Exports in CIS

Steel stranded wire exports reduced notably to X tons in 2022, shrinking by X% on the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, steel stranded wire exports dropped notably to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Belarus represented the key exporter of iron or steel stranded wire, ropes and cables in the CIS, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Russia (X tons), creating a X% share of total exports. Kazakhstan (X tons) and Kyrgyzstan (X tons) took a relatively small share of total exports.

Belarus experienced a relatively flat trend pattern with regard to volume of exports of iron or steel stranded wire, ropes and cables. 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. Russia experienced a relatively flat trend pattern. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steel stranded wire supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Among the main exporting countries, Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Russia ($X per ton) and Kyrgyzstan ($X per ton), while Kazakhstan ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports in CIS

In 2022, steel stranded wire imports in the CIS reduced notably to X tons, waning by X% against 2021. Over the period under review, imports recorded a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, steel stranded wire imports declined remarkably to $X in 2022. In general, imports recorded a mild decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

Russia represented the main importing country with an import of around X tons, which recorded X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Azerbaijan (X%), Uzbekistan (X%) and Belarus (X%). Armenia (X tons) and Moldova (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel stranded wire, ropes and cables in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Azerbaijan, with an X% share.

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

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, flattening at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Russia ($X per ton) and Kazakhstan ($X per ton), while Moldova ($X per ton) and Uzbekistan ($X per ton) were 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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :