Kazakhstan: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Kazakhstan

The Kazakh metal screw hook market declined to $X in 2022, waning by -14.8% 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). In general, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Screw Hook Exports

Exports from Kazakhstan

In 2022, the amount of iron or steel screw hooks and screw rings exported from Kazakhstan skyrocketed to X tons, rising by 572% on the year before. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 962%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal screw hook exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for metal screw hook exports from Kazakhstan, with a 92% share of total exports. Moreover, metal screw hook exports to Russia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold. Estonia (X kg) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Estonia (-49.1% per year).

In value terms, Russia ($X) remains the key foreign market for iron or steel screw hooks and screw rings exports from Kazakhstan, comprising 86% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.6% share of total exports. It was followed by Somalia, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Somalia (-39.6% per year).

Export Prices by Country

In 2022, the average metal screw hook export price amounted to $X per ton, growing by 11% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 361% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Somalia (+54.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into Kazakhstan

In 2022, the amount of iron or steel screw hooks and screw rings imported into Kazakhstan fell markedly to X tons, waning by -38% on the previous year's figure. Overall, imports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2014 when imports increased by 141% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, metal screw hook imports rose markedly to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 155% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Russia (X tons) and South Korea (X tons) were the main suppliers of metal screw hook imports to Kazakhstan, together comprising 90% of total imports. France, Turkey and Estonia lagged somewhat behind, together comprising a further 6.8%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +63.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal screw hook suppliers to Kazakhstan were South Korea ($X), Russia ($X) and France ($X), together comprising 66% of total imports.

In terms of the main suppliers, France, with a CAGR of +69.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal screw hook import price stood at $X per ton in 2022, picking up by 74% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook import price increased by +112.6% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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