Kazakhstan: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Kazakhstan

The Kazakh market for tube or pipe fittings (of iron or steel) was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Kazakhstan

In 2022, shipments abroad of tube or pipe fittings (of iron or steel) increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron or steel tube fitting exports skyrocketed to $X in 2022. In general, exports showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for iron or steel tube fitting exports from Kazakhstan, with a X% share of total exports. Moreover, iron or steel tube fitting exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold. Azerbaijan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Azerbaijan (X% per year).

In value terms, Russia ($X), Azerbaijan ($X) and Kyrgyzstan ($X) constituted the largest markets for iron or steel tube fitting exported from Kazakhstan worldwide, with a combined X% share of total exports. Tajikistan, Turkmenistan, the Netherlands and Uzbekistan lagged somewhat behind, together comprising a further X%.

Tajikistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Kazakhstan

In 2022, supplies from abroad of tube or pipe fittings (of iron or steel) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of iron or steel tube fitting imports to Kazakhstan, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Russia ($X), China ($X) and Italy ($X) were the largest iron or steel tube fitting suppliers to Kazakhstan, together accounting for X% of total imports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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