Kazakhstan: Flat-Rolled Steel Products Market 2024

Flat-Rolled Steel Products Market Size in Kazakhstan

The Kazakh flat-rolled steel products market expanded slightly to $X in 2023, growing by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible curtailment. Flat-rolled steel products consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Flat-Rolled Steel Products Production in Kazakhstan

In value terms, flat-rolled steel products production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Flat-rolled steel products production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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Flat-Rolled Steel Products Exports

Exports from Kazakhstan

In 2023, after two years of growth, there was significant decline in overseas shipments of flat-rolled products of iron or non-alloy steel, when their volume decreased by X% to X tons. In general, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, flat-rolled steel products exports declined remarkably to $X in 2023. Over the period under review, exports saw a mild curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Ukraine (X tons) and India (X tons) were the main destinations of flat-rolled steel products exports from Kazakhstan, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat-rolled steel products exported from Kazakhstan were Russia ($X), Ukraine ($X) and Uzbekistan ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of X%, saw 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

In 2023, the average flat-rolled steel products export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Flat-Rolled Steel Products Imports

Imports into Kazakhstan

In 2023, after three years of decline, there was significant growth in supplies from abroad of flat-rolled products of iron or non-alloy steel, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, flat-rolled steel products imports soared to $X in 2023. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Russia (X tons), Belarus (X tons) and China (X tons) were the main suppliers of flat-rolled steel products imports to Kazakhstan, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest flat-rolled steel products suppliers to Kazakhstan were Russia ($X), Belarus ($X) and China ($X), together accounting for X% of total imports.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average flat-rolled steel products import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flat-rolled steel products import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform