Kazakhstan: Pig Iron Articles Market 2023

Pig Iron Articles Market Size in Kazakhstan

The Kazakh pig iron articles market surged to $X in 2021, picking up by 94% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pig Iron Articles Exports

Exports from Kazakhstan

Pig iron articles exports from Kazakhstan dropped significantly to X tons in 2021, which is down by -77.6% compared with the previous year's figure. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 10,143% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, pig iron articles exports contracted rapidly to $X in 2021. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 3,140% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Kyrgyzstan (X tons) was the main destination for pig iron articles exports from Kazakhstan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan amounted to +75.8%.

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for granules and powders of pig iron exports from Kazakhstan.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan amounted to +57.1%.

Export Prices by Country

The average pig iron articles export price stood at $X per ton in 2021, waning by -28.2% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 107%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -7.9% per year.

Pig Iron Articles Imports

Imports into Kazakhstan

In 2021, after two years of decline, there was significant growth in overseas purchases of granules and powders of pig iron, when their volume increased by 63% to X tons. Overall, imports enjoyed a remarkable increase. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pig iron articles imports surged to $X in 2021. In general, imports recorded a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of pig iron articles to Kazakhstan, with a 51% share of total imports. Moreover, pig iron articles imports from Russia exceeded the figures recorded by the second-largest supplier, Israel (X tons), twofold. The third position in this ranking was held by China (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (0.0% per year) and China (+14.3% per year).

In value terms, the largest pig iron articles suppliers to Kazakhstan were Israel ($X), Russia ($X) and China ($X), together accounting for 80% of total imports. Ukraine and France lagged somewhat behind, together accounting for a further 6.2%.

France, with a CAGR of +24.1%, recorded 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 more modest paces of growth.

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, surging by 19% against the previous year. Over the period under review, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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