Report Update Apr 1, 2024

Kazakhstan - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Iron And Steel Market 2024

Iron And Steel Market Size in Kazakhstan

The Kazakh iron and steel market was finally on the rise to reach $X in 2021, after three years of decline. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Iron And Steel Production in Kazakhstan

In value terms, iron and steel production expanded slightly to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 37%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Iron And Steel Exports

Exports from Kazakhstan

In 2021, shipments abroad of iron and steel increased by 17% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 3,333%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron and steel exports soared to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,859% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons) was the main destination for iron and steel exports from Kazakhstan, with a 886% share of total exports. Moreover, iron and steel exports to France exceeded the volume sent to the second major destination, Iran (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +25.7%.

In value terms, France ($X) remains the key foreign market for iron and steel exports from Kazakhstan, comprising 95% of total exports. The second position in the ranking was held by Iran ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France stood at +53.1%.

Export Prices by Country

In 2021, the average iron and steel export price amounted to $X per ton, increasing by 3.7% against the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2016 an increase of 366% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Iran amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+21.7%).

Iron And Steel Imports

Imports into Kazakhstan

In 2021, overseas purchases of iron and steel decreased by -0.5% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, posted a mild expansion. The growth pace was the most rapid in 2014 when imports increased by 89%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, iron and steel imports expanded rapidly to $X in 2021. In general, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by 71%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) was the main supplier of iron and steel to Kazakhstan, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Russia was relatively modest.

In value terms, Russia ($X) constituted the largest supplier of iron and steel to Kazakhstan.

From 2012 to 2021, the average annual growth rate of value from Russia totaled -2.6%.

Import Prices by Country

In 2021, the average iron and steel import price amounted to $X per ton, rising by 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -2.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel in the world?

China remains the largest iron and steel consuming country worldwide, accounting for 64% of total volume. Moreover, iron and steel consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold. India ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of iron and steel in the world?

China remains the largest iron and steel producing country worldwide, comprising approx. 63% of total volume. Moreover, iron and steel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was held by Japan, with a 5.9% share.

What are the leading suppliers of iron and steel to Kazakhstan?

In value terms, Russia constituted the largest supplier of iron and steel to Kazakhstan.

What are the leading importers of iron and steel from Kazakhstan?

In value terms, France remains the key foreign market for iron and steel exports from Kazakhstan, comprising 95% of total exports. The second position in the ranking was held by Iran, with a 3.5% share of total exports.

What is the average export price for iron and steel in Kazakhstan?

The average iron and steel export price stood at $4,844 per ton in 2021, rising by 3.7% against the previous year.

What is the average import price for iron and steel in Kazakhstan?

The average iron and steel import price stood at $612 per ton in 2021, rising by 6.1% against the previous year.

This report provides an in-depth analysis of the iron and steel market in Kazakhstan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023