CIS: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in CIS

In 2021, the CIS concrete reinforcing wire rod market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Wire Rod Used For Concrete Reinforcing in CIS

In value terms, concrete reinforcing wire rod production reached $X in 2021 estimated in export price. Overall, production, however, recorded a slight decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Production By Country in CIS

Russia (X tons) constituted the country with the largest volume of concrete reinforcing wire rod production, comprising approx. X% of total volume. Moreover, concrete reinforcing wire rod production in Russia exceeded the figures recorded by the second-largest producer, Moldova (X tons), fivefold.

In Russia, concrete reinforcing wire rod production remained relatively stable over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Moldova (-X% per year) and Belarus (+X% per year).

Exports of Wire Rod Used For Concrete Reinforcing

Exports in CIS

In 2021, the amount of wire rod used for concrete reinforcing exported in the CIS skyrocketed to X tons, with an increase of X% on 2020 figures. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, concrete reinforcing wire rod exports surged to $X in 2021. Overall, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia was the key exporter of wire rod used for concrete reinforcing in the CIS, with the volume of exports accounting for X tons, which was near X% of total exports in 2021. It was distantly followed by Belarus (X tons), generating a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to concrete reinforcing wire rod exports from Russia stood at +X%. 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 2012-2021. While the share of Belarus (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest concrete reinforcing wire rod supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with an X% share of total exports.

In Russia, concrete reinforcing wire rod exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

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

Imports of Wire Rod Used For Concrete Reinforcing

Imports in CIS

In 2021, overseas purchases of wire rod used for concrete reinforcing decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. 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 attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod imports totaled $X in 2021. Overall, 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. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) and Uzbekistan (X tons) represented the key importers of wire rod used for concrete reinforcing in the CIS, together recording near X% of total imports. It was distantly followed by Russia (X tons), Azerbaijan (X tons), Belarus (X tons) and Armenia (X tons), together achieving a X% share of total imports. Tajikistan (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Armenia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising X% of total imports. These countries were followed by Azerbaijan, Belarus, Armenia and Tajikistan, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to 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

The import price in the CIS stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+X%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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