CIS: Office Metal Staple Market 2024

Office Metal Staple Market Size in CIS

In 2022, the CIS office metal staple market increased by 3.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Office Metal Staple Production in CIS

In value terms, office metal staple production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Office Metal Staple Exports

Exports in CIS

In 2022, overseas shipments of base metal staples in strips for use in offices decreased by -27.2% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 126% against the previous year. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, office metal staple exports shrank markedly to $X in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Russia was the largest exporter of base metal staples in strips for use in offices in the CIS, with the volume of exports finishing at X tons, which was near 72% of total exports in 2022. It was distantly followed by Belarus (X tons), generating a 27% share of total exports.

Russia was also the fastest-growing in terms of the base metal staples in strips for use in offices exports, with a CAGR of +24.8% from 2012 to 2022. At the same time, Belarus (+9.3%) displayed positive paces of growth. While the share of Russia (+31 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-30.9 p.p.) displayed negative dynamics.

In value terms, the largest office metal staple supplying countries in the CIS were Russia ($X) and Belarus ($X).

Russia, with a CAGR of +19.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by 13% against the previous year. Overall, the export price, however, saw a deep contraction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-2.1%).

Office Metal Staple Imports

Imports in CIS

In 2022, office metal staple imports in the CIS stood at X tons, approximately mirroring 2021. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +127.3% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 60% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, office metal staple imports declined modestly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Russia represented the major importer of base metal staples in strips for use in offices in the CIS, with the volume of imports recording X tons, which was near 58% of total imports in 2022. It was distantly followed by Belarus (X tons), Uzbekistan (X tons) and Kazakhstan (X tons), together comprising a 32% share of total imports. Azerbaijan (X tons), Moldova (X tons) and Armenia (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of base metal staples in strips for use in offices. At the same time, Uzbekistan (+19.9%), Azerbaijan (+12.1%), Kazakhstan (+9.0%), Armenia (+6.6%), Belarus (+1.8%) and Moldova (+1.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +19.9% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kazakhstan and Azerbaijan increased by +10, +4.9 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported base metal staples in strips for use in offices in the CIS, comprising 60% of total imports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total imports. It was followed by Kazakhstan, with an 11% share.

In Russia, office metal staple imports declined by an average annual rate of -1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (+1.3% per year) and Kazakhstan (+4.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by -2.7% against the previous year. In general, the import price continues to indicate a mild curtailment. The growth pace was the most rapid in 2021 when the import price increased by 11%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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