Kazakhstan: Market for Articles Of Iron Or Steel 2024

Market Size for Articles Of Iron Or Steel in Kazakhstan

The Kazakh steel and iron articles market declined slightly to $X in 2022, waning by -3% against the previous year. In general, consumption enjoyed a perceptible expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Iron Or Steel in Kazakhstan

In value terms, steel and iron articles production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -24.0% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 53%. Steel and iron articles production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Articles Of Iron Or Steel

Exports from Kazakhstan

In 2022, shipments abroad of articles of iron or steel decreased by -41% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 290% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, steel and iron articles exports fell notably to $X in 2022. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 73%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Kyrgyzstan (X tons) and Belgium (X tons) were the main destinations of steel and iron articles exports from Kazakhstan, with a combined 84% share of total exports. Uzbekistan, Denmark, Italy and the UK lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Russia ($X) and Belgium ($X) were the largest markets for steel and iron articles exported from Kazakhstan worldwide, with a combined 37% share of total exports. Kyrgyzstan, Denmark, Italy and the UK lagged somewhat behind, together accounting for a further 17%.

Denmark, with a CAGR of +41.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, declining by -4.2% against the previous year. Over the period under review, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 an increase of 123% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Kazakhstan

In 2022, approx. X tons of articles of iron or steel were imported into Kazakhstan; therefore, remained relatively stable against the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 39%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, steel and iron articles imports skyrocketed to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of steel and iron articles imports to Kazakhstan, with a combined 64% share of total imports. South Korea, Belgium, Germany, Italy, the UK and the United States lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +49.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steel and iron articles suppliers to Kazakhstan were Russia ($X), China ($X) and the United States ($X), together accounting for 42% of total imports. Italy, South Korea, Germany, the UK, Turkey and Belgium lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, Belgium, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, surging by 22% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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