Central Asia: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Central Asia

In 2023, the Central Asian ferro-alloys market increased by X% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption saw a pronounced increase. The level of consumption peaked in 2023 and is likely to continue growth in the immediate term.

Ferro-Alloys Production in Central Asia

In value terms, ferro-alloys production expanded notably to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ferro-Alloys Exports

Exports in Central Asia

Ferro-alloys exports contracted to X tons in 2023, shrinking by X% against the previous year. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ferro-alloys exports shrank dramatically to $X in 2023. In general, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of ferro-alloys, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the ferro-alloys exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest ferro-alloys supplier in Central Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan amounted to X%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank dramatically in the following year.

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.

Ferro-Alloys Imports

Imports in Central Asia

In 2023, purchases abroad of ferro-alloys increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, ferro-alloys imports dropped to $X in 2023. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

Uzbekistan was the key importer of ferro-alloys in Central Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Kazakhstan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%), Mongolia (X%) and Tajikistan (X%). Turkmenistan (X tons) held a relatively small share of total imports.

Uzbekistan was also the fastest-growing in terms of the ferro-alloys imports, with a CAGR of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%), Tajikistan (X%), Mongolia (X%) and Turkmenistan (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Kyrgyzstan (X p.p.), Mongolia (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported ferro-alloys in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

In Uzbekistan, ferro-alloys imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated slight 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, ferro-alloys import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then dropped sharply in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform