Central Asia: Market for Flat Cold-Rolled Steel in Coils 2024

Market Size for Flat Cold-Rolled Steel in Coils in Central Asia

The Central Asian flat cold-rolled steel coils market totaled $X in 2023, rising by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Production of Flat Cold-Rolled Steel in Coils in Central Asia

In value terms, flat cold-rolled steel coils production rose sharply to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Flat Cold-Rolled Steel in Coils

Exports in Central Asia

Flat cold-rolled steel coils exports fell slightly to X tons in 2023, remaining constant against the previous year. In general, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, flat cold-rolled steel coils exports rose notably to $X in 2023. Over the period under review, exports, however, showed temperate growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) represented roughly X% of total exports in 2023.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of flat cold-rolled steel in coils. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest flat cold-rolled steel coils supplier in Central Asia.

In Kazakhstan, flat cold-rolled steel coils exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flat cold-rolled steel coils export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Imports of Flat Cold-Rolled Steel in Coils

Imports in Central Asia

In 2023, supplies from abroad of flat cold-rolled steel in coils increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, flat cold-rolled steel coils imports skyrocketed to $X in 2023. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in years to come.

Imports by Country

Uzbekistan prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Kyrgyzstan (X tons) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%). Tajikistan (X tons) held a little share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%), Kyrgyzstan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan increased by X percentage points.

In value terms, Uzbekistan ($X) constitutes the largest market for imported flat cold-rolled steel in coils in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

In Uzbekistan, flat cold-rolled steel coils imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, declining by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Tajikistan ($X per ton), while Kazakhstan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform