Central Asia: Steel Plaited Band Market 2024

Steel Plaited Band Exports

Exports in Central Asia

In 2022, overseas shipments of iron or steel plaited bands and slings increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel plaited band exports soared to $X in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan represented the major exporter of iron or steel plaited bands and slings in Central Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Uzbekistan (X tons) ranks second in terms of the total exports with a X% share, followed by Mongolia (X%).

Kazakhstan was also the fastest-growing in terms of the iron or steel plaited bands and slings exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Mongolia experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mongolia (X p.p.) displayed negative dynamics.

In value terms, the largest steel plaited band supplying countries in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X), together comprising X% of total exports.

Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price showed a temperate increase. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced more modest paces of growth.

Steel Plaited Band Imports

Imports in Central Asia

In 2022, steel plaited band imports in Central Asia soared to X tons, rising by X% on the year before. In general, imports recorded prominent growth. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, steel plaited band imports skyrocketed to $X in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Uzbekistan was the largest importer of iron or steel plaited bands and slings in Central Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Mongolia (X%) and Tajikistan (X%). The following importers - Turkmenistan (X tons) and Kyrgyzstan (X tons) - together made up X% of total imports.

Uzbekistan was also the fastest-growing in terms of the iron or steel plaited bands and slings imports, with a CAGR of X% from 2012 to 2022. At the same time, Mongolia (X%), Tajikistan (X%) and Kazakhstan (X%) displayed positive paces of growth. By contrast, Kyrgyzstan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Mongolia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tajikistan (X p.p.), Kyrgyzstan (X p.p.), Kazakhstan (X p.p.) and Turkmenistan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported iron or steel plaited bands and slings in Central Asia, comprising X% of total imports. The second position in the ranking was held by Mongolia ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan amounted to X%. In the other countries, the average annual rates were as follows: Mongolia (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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