Kazakhstan: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Kazakhstan

The Kazakh iron or steel leaf-spring market soared to $X in 2022, growing by X% 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, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Kazakhstan

Iron or steel leaf-spring exports from Kazakhstan fell rapidly to X tons in 2022, which is down by X% against the year before. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports soared to $X in 2022. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Kyrgyzstan (X tons) and Afghanistan (X tons) were the main destinations of iron or steel leaf-spring exports from Kazakhstan, together comprising X% of total exports.

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

In value terms, Kyrgyzstan ($X), Russia ($X) and Afghanistan ($X) constituted the largest markets for iron or steel leaf-spring exported from Kazakhstan worldwide, with a combined X% share of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Afghanistan ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Kazakhstan

In 2022, iron or steel leaf-spring imports into Kazakhstan rose notably to X tons, surging by X% compared with the year before. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports surged to $X in 2022. In general, imports showed a moderate increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest iron or steel leaf-spring supplier to Kazakhstan, with a X% share of total imports. Moreover, iron or steel leaf-spring imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, Russia ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Kazakhstan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 South Korea ($X per ton), while the price for Germany ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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