Kazakhstan: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Kazakhstan

After five years of growth, the Kazakh market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to $X in 2020. Over the period under review, consumption showed a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2019, and then shrank markedly in the following year.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Kazakhstan

For the fourth consecutive year, Kazakhstan recorded decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by X% to X units in 2020. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2020, the growth of the exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports shrank notably to $X in 2020. Overall, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for iron, steel or aluminium reservoir exports from Kazakhstan, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to China exceeded the volume sent to the second major destination, Uzbekistan (X units), fourfold. Russia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Russia (X% per year).

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Kazakhstan were China ($X), the UK ($X) and the United States ($X), together comprising X% of total exports. Russia, Afghanistan, Uzbekistan, the United Arab Emirates, Azerbaijan and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Uzbekistan, 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 a decline.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, increasing by X% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir export price increased by X% against 2017 indices. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2020 and is likely to see steady growth in years to come.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Kazakhstan

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Kazakhstan; waning by X% compared with 2019 figures. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports dropped notably to $X in 2020. Overall, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019, and then contracted rapidly in the following year.

Imports by Country

In 2020, Russia (X units) constituted the largest iron, steel or aluminium reservoir supplier to Kazakhstan, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by China (X units), with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

In value terms, the largest iron, steel or aluminium reservoir suppliers to Kazakhstan were South Korea ($X), Russia ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, waning by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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